Kyriakos PierrakakisMinister of National Economy and Finance Greecewas unanimously elected as the new chairman Eurogroup after the first indicative voting procedure, where the Belgian candidate withdrew his application. Open support of the German Minister of Finance.
Immediately after the announcement of the results, colleagues in the European financial bloc, one after another, approached Pierrakakis, congratulated and hugged him, emphasizing the political weight of the appointment. The video was distributed by Eurogroup itself since the announcement.
Experts note that the election of the Greek minister was a symbolic confirmation of the direction of the Athenian economy: a decade after the threat of leaving the Eurozone, the country heads the key body shaping its economic policy. At the same time, the decision reflects the complex balance within European People’s Partygeopolitical alignments and budgetary indicators of member states.
Improved macroeconomic indicators, including a decline in debt to GDP, have strengthened confidence in Athens. Now Greece receives an enhanced role in shaping European decisions for at least the next two and a half years.
The first congratulations came from the Minister of Finance of Latvia, who wished Pierrakakis “success in modernizing the Eurogroup and meeting the challenges ahead with clarity, commitment and collective responsibility.”
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