Greece’s finance minister, Kyriakos Pierrakakis, penned an article in the Financial
Greece’s finance minister, Kyriakos Pierrakakis, penned an article in the Financial Times, emphasizing that Europe had to adopt coordinated financial execution plans, citing the Greek example on how this could be achieved.
“Europe’s challenge today is not the absence of analysis but the absence of coordinated execution,” the Greek minister wrote.
Pierrakakis stressed that Greece had managed to move from “sustained reforms” to “sustained credibility,” citing the country’s impressive 4.8% primary surplus in 2024, a figure above the EU average. “Only six of the EU’s 27 member states ran fiscal surpluses last year, and four of them, including Greece, had undergone IMF programmes in the past 15 years,” he writes.
Outlining some of the targets achieved by Greece, he notes, among others, the state modernization combined with fiscal repair. On the country’s rapid digital transformation, Pierrakakis cites the European Commission’s ranking that placed Greece among the “fastest digital improvers.”
“Digital transformation has become a structural engine of growth and is a European competitiveness imperative,” he points out, linking the pace of technological change to productivity and technological resilience.
He highlights the EU’s goal of reshaping its financial landscape, stressing that attaining this objective requires “institutional change and a change
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