Eurogroup Meets Under New President Pierrakakis

Attention is focused on Brussels on Monday as the Eurogroup holds its first meeting under the presidency of Greek Finance Minister Kyriakos Pierrakakis. The session marks a symbolic moment, not only as Pierrakakis chairs the body for the first time, but also due to the strong Greek presence, with Deputy Finance Minister Thanos Petralias also taking part.

The meeting takes place against a complex international backdrop. In recent days, Washington unexpectedly raised the prospect of escalating tariffs on European countries, a move linked to renewed tensions surrounding Greenland. This development prompted an emergency coordination meeting among EU ambassadors in Brussels, aimed at shaping a unified European response before economic policy decisions are taken.

At the core of the Eurogroup’s agenda is the appointment of a new Vice-President of the European Central Bank, as the term of the current officeholder, Luis de Guindos, expires at the end of May. The decision is seen as crucial for the future direction of eurozone monetary policy.