Kyriakos Pierrakakis Elected as President of the Eurogroup
December 11, 2025
Kyriakos Pierrakakis has been elected the new president of the Eurogroup, defeating his Belgian counterpart. His election is seen as a positive sign for the Greek economy, reflecting recovery after the financial crisis. It indicates improvements in Greece's economic indicators, as debt as a percentage of GDP has decreased. Additionally, it reflects geopolitical balances and political alliances within the European People's Party. With this election, Pierrakakis is set to play a significant role in European economic decisions for the next three years.