Luxembourg is the Minister of National Economy and Finance, Kyriakos Pierrakakis, to attend his meetings Eurogroup and his ECOFINwhich will take place today (9.10.2025) and tomorrow respectively.
At the heart of the Eurogroup and Ecofin discussions will be of particular importance to the Greek economy, as it relates to boosting investment, competitiveness and citizens’ participation in European capital markets.
Specifically, as part of Ecofin, they will be discussed:
- The creation of the Savings and Investment Union (SIU) Union, which aims to mobilize savings for investment and the wider participation of citizens and businesses in the capital markets,
- The simplification of the European legislative framework, with the aim of reducing bureaucracy and costs for businesses.
In addition, they will be examined:
- The modification of the same resource system of the European Union,
- The review of the Special Tax Instrument Directive on tobacco,
- The European Semester 2025, with the aim of improving the coordination of economic policies,
- as well as the financial impact of the war on Ukraine and support through Ukraine Facility.
In this context, the conclusions of the G20 session and EU positions in view of the COP30 will be approved, with an emphasis on funding actions to tackle climate change.
Today, at the Eurogroup meeting, finance ministers will discuss the macroeconomic and fiscal marks of the Member States, while an expanded composition will be discussed for:
- the performance of European capital markets,
- the progress of the unification of the capital markets,
- and the latest developments in Stablecoins and digital financial tools.
On the sidelines of the meetings, Mr. Pierrakakis will make bilateral contacts with European counterparts and officials, and will also participate in the informal work lunch of the Competitiveness Lab – an initiative of finance ministers aimed at enhancing competitiveness and European integration, throughout Mobilization of private investment.