Greek Finance Minister Kyriakos Pierrakakis elected as president of Eurogroup

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Greek Finance Minister Kyriakos Pierrakakis elected as president of Eurogroup  Kyriakos Pierrakakis elected head of Eurogroup in recognition of Greece's reform agenda. Belgian candidate caught in crossfire over reparations loan for Ukraine. The Eurogroup handles key economic and financial dossiers.   READ MORE : http://www.euronews.com/2025/12/11/greek-finance-minister-kyriakos-pierrakakis-elected-as-president-of-eurogroup  Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

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00:00Greek finance minister Kyriakos Piriakakis was elected president of the Eurogroup on Thursday,

00:06rewarding the country's turnaround story 10 years after Athens almost crashed out of the Eurozone

00:13in a deep economic crisis. Piriakakis takes over the Eurozone functions on 12 December,

00:20coinciding with the exit of former boss Pascal Donohoe, who was re-elected this year,

00:24but abruptly exited a position to take the top job at the World Bank in Washington.

00:30The Greek politician will be in office for the next two and a half years and will also be

00:35the chairman of the European Stability Mechanism, the EU's bailout fund. The Eurogroup, the informal

00:41body of finance ministers from 20 European Union members, handles key economic files including

00:48the EU's capital markets and the investment union. Coming under assault from China's growing

00:54global market share and U.S. tariffs, the group's role has become even more crucial. Piriakakis has

01:01said it will work to keep the Eurogroup focused on its common currency and common interests grounded

01:08in the core values of the union.

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