Pierrakakis: Greece well positioned to absorb impact of Middle East crisis

Greece is connected a maturation trajectory and well positioned to sorb the interaction of the Middle East crisis, Eurogroup President and Greek Finance Minister Kyriakos Pierrakakis has asserted. 

“Our system has go intelligibly much resilient successful caller years, thanks to sustainable growth, the consolidation of nationalist finances, and the continuation of structural reforms,” Pierrakakis said successful an interrogation with French weekly mag Le Point.

The curate noted that Greece is moving from being the “patient” of Europe to a exemplary of fiscal discipline. “Sixteen years aft the opening of a situation that astir swept distant the eurozone, Greece shows awesome robustness: strong growth, unemployment astatine its lowest level, and indebtedness decreasing astatine a accelerated pace. However, amid ostentation weighing connected households and the menace of a caller lipid crisis, the roadworthy remains difficult,” helium said.

Pierrakakis spoke extensively astir support measures to code rising vigor costs. He added that successful 2026, “according to forecasts, the maturation complaint is estimated to scope 2.4%, 1 of the highest rates successful the European Union. At the aforesaid time, the indebtedness that erstwhile approached 210% arsenic a percent of GDP is estimated to autumn beneath 120% by the extremity of the decade.”

According to Eurostat figures for mid‑2025, Greece’s gross nationalist indebtedness stood astatine astir 151.2 % of GDP.

Pierrakakis besides emphasized the request for reforms, highlighting investments, digitalization, the simplification of barriers betwixt subordinate states, and the simplification of procedures.