“The country does not intend to lose its growth potential. Priority is to attract private investment, “the Minister said Economic and financially Kyriakos Pierrakakisspeaking in the “Wall Street Journal”.
As Kyriakos Pierrakakis said, “the government has inaugurated a new Innovation and Infrastructure Fund this week with the participation of Blackrock, with the aim of attracting up to 1 billion euros of private capital in the coming years.” “We need private investment mobilization to grow the economy,” he said.
Kyriakos Pierrakakis pointed out that “the biggest challenge is not so much the US trade duties but The general uncertainty in the world economyยป.
Commenting on the recent commercial package imposing a 15% duty on Greek exports to the US, he added: “We wanted an agreement instead of a non -agreement to limit uncertainty to the maximum.”
WSJ recalls that the Greek economy suffered one of the biggest recessions it has experienced, with a loss of about 25% of GDP during the debt crisis.
Today, after the Upgrading Greece’s credit rating to Moody’s Investment Tierafter more than 15 years in the “garbage” category, the country is being set as an example of leadership in Europe. “After 10 years of existential crisis, Greece does not intend to lose its financial potential,” Mr Pierrakakis said.
As investors are concerned about the debts of larger countries such as France, whose credit rating was recently downgraded by Fitch, the Greek minister has put Greece as a positive example. Other European export economies, such as Germany and Ireland, recorded a much slower growth in the second quarter of 2025. On the contrary, Greece saw growth accelerated, having already overcome the European average in 2024.
“The reforms, from the digitization of public administration to the increase in export performance of the country, from 20% of GDP in 2008 to 40% today, change Greece’s image for the better,” Mr Pierrakakis said.
In the same post, bank executives such as Piraeus Bank CEO, Christos Greatthey note that “since the beginning of 2025 there has been a strong interest in American funds in the Greek market”.
As he typically said: “Since the beginning of 2025, we have seen flows from US funds in Europe in general and in Greece in particular.” The Greek banks, after clearing their portfolios from the “red loans” and reinstated the dividends after 16 years, regain the confidence of the investment community.
As the report notes, by the end of 2023, the government has also accelerated the disinvestment of the banks it had rescued during the crisis. The acquisition of the Athens Stock Exchange by the Euronext Group and the increase in Unicredit’s participation in Alpha Bank signify the return of international interest in Greek businesses.