Greece’s Minister of National Economy and Finance and President of the Eurogroup, Kyriakos Pierrakakis, is travelling to Brussels for meetings focused on economic policy, security and strategic cooperation.

During his visit, Pierrakakis is expected to meet with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, where Greece’s participation in the IMF’s new Southeast Europe Technical Assistance Centre (SEETAC) will be officially announced.

Greece to contribute to regional development initiative

Greece will contribute €5 million to SEETAC, strengthening its role in supporting economic reforms, stability and closer alignment with the European Union in Southeast Europe.

Through its participation in the center’s governance mechanisms, Greece will have an active role in shaping technical assistance priorities for countries in the Western Balkans and Moldova, supporting their European integration efforts.

The move marks a significant shift for Greece, which in previous years received international financial support through IMF programs and is now participating as a contributor to a development initiative aimed at strengthening institutions and reforms in neighboring countries.

Talks with NATO chief on defense financing

Pierrakakis is also scheduled to meet with NATO Secretary General Mark Rutte.

Discussions will focus on the economic aspects of European defense policy, including the use of a fiscal flexibility mechanism that allows EU member states additional budgetary space for investments in security and defense.

The meeting will also address broader geopolitical developments and the economic challenges facing Europe amid increased international uncertainty.