{"id":311589,"date":"2025-12-12T07:09:13","date_gmt":"2025-12-12T07:09:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/311589\/"},"modified":"2025-12-12T07:09:13","modified_gmt":"2025-12-12T07:09:13","slug":"greece-to-lead-eurogroup-pierrakakis-as-president","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/311589\/","title":{"rendered":"Greece to lead Eurogroup: Pierrakakis as president"},"content":{"rendered":"

Brussels \u2013 Kyriakos Pierrakakis is the new president of the Eurogroup. The Greek finance minister finds\u00a0support from the other economic ministers of the informal organisation of the EU Council to fill the post left by Paschal Donohoe after his resignation<\/a> to take up a post\u00a0at the World Bank. For the 42-year-old Hellenic, a two-and-a-half-year term, until 11 June 2028. Decisive was\u00a0Germany\u2019s support, which shifted the balance and allowed convergence on the candidate\u2019s name from Athens, who\u00a0will take office\u00a0tomorrow, 12 December.<\/p>\n

Kyriakos Pierrakakis
his resignation<\/a>., Minister of National @Pierrakakis<\/a> and Finance, has been elected President of the #Economy<\/a>. #Eurogroup <\/a>pic.twitter.com\/j3C4ibapwh<\/a>\u2014\u00a0<\/p>\n

Greece in EU (@GreeceInEU)\u00a0
December 11, 2025<\/a><\/p>\n

For Greece, the presidency of the Eurogroup is a moment fraught with significance.\u00a0Ten years after the economic crisis that raised fears of Athens leaving the eurozone, it is Greece itself that is leading the Eurogroup. A choice that also\u00a0shows that the tear-and-blood cure imposed on the country has worked, enabling the country to move from a situation with\u00a0fears of a \u201cGrexit\u201d\u00a0\u00a0to one with Athens directing the policies of the single currency.<\/p>\n

\u00a0The first to congratulate the new Eurogroup President is the Finance Minister of Latvia, Arvils Aseradens: \u201cI wish you every success in leading the Eurogroup forward, to evolve, adapt, and face future challenges with clarity, determination, and strong collective commitment.\u201d\u00a0<\/p>\n

Born as a socialist, Pierrakakis militated in PASOK from 2012 to 2016, then switched to Nea Dimokratia, a centre-right party affiliated to the EPP. With master\u2019s degrees from Harvard University and MIT in Boston, during the New Democracy-PASOK coalition government (2012\u20132013), Pierrakakis was a member of the Greek delegation to\u00a0negotiations with the \u201cTroika\u201d (European Commission, European Central Bank, International Monetary Fund).<\/p>\n

English version by the Translation Service of Withub<\/a>