The Eurogroup, a key forum for the 20 eurozone finance ministers, coordinates economic policy and ensures the stability of the euro. Newly elected president Kyriakos Piera­kakis will set priorities, mediate discussions, and represent the eurozone internationally

International outlets reacted strongly to Kyriakos Pierrakakis’ election as head of the Eurogroup, framing it as Greece’s symbolic return to prominence

New Eurogroup President Kyriakos Pierrakakis automatically assumes leadership of the European Stability Mechanism, marking a milestone that reflects both his rising European profile and Greece’s recovery from its financial crisis.

Pierrakakis was elected - unanimously - in the first round after his Belgian counterpart dropped out of the Eurogroup selection process

The Eurogroup president plays a key role in coordinating economic policy among the 20 countries that use the euro, representing the group in discussions with the European Commission, the European Central Bank, and other EU institutions

Behind closed doors in Brussels, a secret ballot will decide who leads the Eurogroup. Greece’s Kyriakos Pierrakakis faces Belgium’s Vincent Van Peteghem in a contest marked by intrigue, alliances, and the quiet power struggles shaping Europe’s economic future

The finance ministers of the euro area’s 20 member states will choose their next chair during their monthly meeting on December 11 in the Belgian capital.

Responding to reports linking him to the Eurogroup presidency, Greece’s finance minister underscores the institution’s importance and Greece’s improved standing within the eurozone

At the same time, FT notes that Belgium’s deputy premier Vincent Van Peteghem is an early favorite to take over as Eurogroup chief

Pierrakakis addressed a wide array of topics, including the introduction of the digital euro and the economic consequences of ongoing geopolitical developments.

The Greek Fin Min is also expected to attend board meetings of the European Stability Mechanism (ESM) and the European Investment Bank (EIB).

Τhe agenda of the Eurogroup, will focus on the progress of the European Banking Union.

The Eurogroup meeting, conducted on Monday, will engage in discussions with the United Kingdom's Finance Minister, Rachel Reeves.