Pierrakakis meets with EU Commissioner Albuquerque

23:13 23/5/2025 - Πηγή: iEfimerida

Finance Minister Kyriakos Pierrakakis met with the EU Commissioner for Financial Services and the Savings and Investments Association, Maria Luisa Albuquerque, at the Ministry of National Economy and Finance.

During the meeting, Pierrakakis and Albuquerque discussed in detail the economic situation in Europe and Greece, with emphasis on the financial sector.

Special reference was made to the country's banking system, which has become stronger, as reflected in the steady growth of deposits, the financing of the real economy and the significant decline in non-performing loans.

The minister also had the opportunity to exchange views with the Commissioner regarding the European challenges for markets and financial stability. The meeting focused on the deepening of Banking Integration and the Capital Markets Union, necessary steps to advance the completion of the Savings and Investment Union.

Pierrakakis stressed that Greece supports this effort, actively promoting reforms in the financial sector and recognizing that the Savings and Investment Union is crucial for the future financing of the European economy, the mobilization of private capital and the reduction of financial dependence on third markets.

The minister pointed out, among other things, that "Greece is no longer managing crises. It is planning its future with confidence and credibility. We are building our fiscal stability not with words, but with measurable results."

He also expressed the country's full support for the Commission's initiatives to promote innovation and digital finance, underlining that "Greece has not simply returned to normality. With a plan, stability and commitment to reforms, it is evolving into a model of stability and growth in Europe."

On her part, Albuquerque said that the Commission is aware of the major challenges facing the European economy. "We have the resources in Europe that will allow us to overcome these challenges, if we commit and implement the right policies," she added.

Referring to the prospects of the Greek economy, she said that "there is great optimism about the prospects of the Greek economy. It is good to see that things are different now, that the climate is more optimistic and that there is a perspective here in Greece, which we believe that the Savings and Investment Union strategy could support a lot."

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