Greek FinMin Kyriakos Pierrakakis to CNBC refers to acute energy crisis, possible disruptions; says Europe now better prepared

EU ministers rule out fiscal flexibility despite rising energy costs, forcing countries like Greece to rely on limited national budgets as inflation risks intensify

'Our choices must reflect balance and responsibility. Measures taken during this period should be targeted, fair, and effective, with priority given to the most vulnerable households and businesses,' Eurogroup president Kyriakos Pierrakakis said after the teleconference

Eurozone finance ministers hold emergency talks as oil tops $100, driving up costs for households and businesses and raising concerns over a new inflation cycle and the bloc’s ability to respond in time.

Eurogroup President Kyriakos Pierrakakis says Europe must prepare for potential energy shocks while accelerating long-term energy integration.

Eurozone finance ministers meet in Brussels to assess the impact of soaring oil and gas prices following Middle East tensions, as concerns grow over inflation, economic stability, and Europe’s energy resilience

The Greek finance minister called safeguarding the EU’s monetary sovereignty “existential,” warning of geopolitical risks to the global financial system and urging coordinated action on macroeconomic imbalances

Finance ministers will debate strengthening the euro’s global role and address worldwide economic imbalances, while Germany presents a new coordination initiative launched by six EU member states

In his opening remarks, the new Eurogroup president stressed speed, coordination and dialogue, as ministers welcome Bulgaria into the Eurozone, discuss G7 priorities and the race for the next ECB vice president

The first Eurogroup meeting chaired by Greece’s finance minister opens in Brussels amid trade tensions, eurozone expansion, and key decisions on EU economic governance

The Greek Finance Minister will chair his first Eurogroup meeting as President on Monday as Bulgaria joins the euro, ECB vice presidency enters a decisive phase and ministers debate the bloc’s 2026 economic priorities

After public backlash, Greece’s government says the planned overhaul of ELTA will focus on targeted transformation rather than mass closures, with safeguards for remote areas and essential services

The head of the European People’s Party praises Kyriakos Pierrakakis’ election as Eurogroup president as proof of Greece’s economic turnaround and reform-driven stability

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.