Kyriakos Pierrakakis welcomed Mairead McGuinness, the European Commissioner for Financial Stability, Financial Services, and the Capital Markets Union, to the Ministry of National Economy and Finance.
During their discussion, they exchanged views on the economic landscape in Europe and Greece, focusing on the Commissioner’s areas of responsibility and the challenges facing the markets and financial stability in Europe, as highlighted by the Greek minister.
Mr. Pierrakakis pointed out the significant advantages that could arise from removing barriers between EU member states in the services sector, noting that, as Mario Draghi stated, these barriers are akin to a 110% tariff on economic activities.
The Finance Minister emphasized the resilience of the Greek banking system, which he asserted has been considerably strengthened, with increasing deposits, expanding financing for the real economy year over year, and banks operating with transparency and credibility.
He also shared his priorities, which include advancing the Capital Markets Union and finalizing the Banking Union, necessary steps toward establishing a comprehensive Union of Savings and Investment, an initiative championed by the Commissioner.
In addition, Mr. Pierrakakis mentioned Greece’s commitment to supporting innovative initiatives and investing in digital financing tools while leveraging European resources for high-value projects.
He concluded by stating that Greece has not only returned to a state of normalcy but is now seen as a model of stability and growth in Europe, thanks to a coherent reform strategy and an ongoing commitment to fiscal responsibility.
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