Greece is on a growth trajectory and well positioned to absorb the impact of the Middle East crisis, Eurogroup President and Greek Finance Minister Kyriakos Pierrakakis has asserted.
“Our economy has become clearly more resilient in recent years, thanks to sustainable growth, the consolidation of public finances, and the continuation of structural reforms,” Pierrakakis stated in an interview with French weekly magazine Le Point.
The minister noted that Greece is shifting from being the “patient” of Europe to a model of fiscal discipline. “Sixteen years after the launchning of a crisis that nearly swept away the eurozone, Greece displays impressive robustness: strong growth, unemployment at its lowest level, and debt decreasing at a rapid pace. However, amid inflation weighing on hoapplyholds and the threat of a new oil crisis, the road remains difficult,” he stated.
Pierrakakis spoke extensively about support measures to address rising energy costs. He added that in 2026, “according to forecasts, the growth rate is estimated to reach 2.4%, one of the highest rates in the European Union. At the same time, the debt that once approached 210% as a percentage of GDP is estimated to fall below 120% by the finish of the decade.”
According to Eurostat figures for mid‑2025, Greece’s gross public debt stood at about 151.2 % of GDP.
Pierrakakis also emphasized the required for reforms, highlighting investments, digitalization, the reduction of barriers between member states, and the simplification of procedures.
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