Protecting the European Union’s monetary sovereignty and completing the Savings and Investments Union emerged as the two overriding priorities highlighted by Greek Minister of National Economy and Finance and President of the Eurogroup, Kyriakos Pierrakakis, during meetings of the Eurogroup and the Ecofin in Brussels.

In a video posted on social media, Pierrakakis stressed that “it is of existential importance to safeguard the international role of the euro, as well as the EU’s monetary sovereignty,” underscoring the strategic weight of the discussions taking place at the European level.

According to the minister, talks focused on economic developments across Europe, the global standing of the euro, widening macroeconomic imbalances worldwide, and the contribution that the Savings and Investments Union can make in addressing these challenges.

He emphasized the need for a unified European response to global macroeconomic distortions, noting that the issue is currently “at the center” of deliberations and must be approached through a broader lens—fully aligned with the position of the European Commission.

Pierrakakis placed particular emphasis on completing the Savings and Investments Union, describing it as the “number one policy issue being discussed across Europe in recent months.” He argued that its successful implementation would represent “the greatest political victory of a generation,” sending a clear message about the urgency of channeling Europe’s savings into productive investments.

Such a shift, he suggested, is critical if Europe is to finance its own growth and reinforce its economic autonomy in an increasingly volatile global landscape.