Feb 16 • 15:33 UTC 🇬🇷 Greece To Vima

Kyriakos Pierrakakis at Eurogroup on euro, monetary sovereignty of the EU, and global macroeconomic imbalances

Greek Minister Kyriakos Pierrakakis emphasized the importance of preserving the euro's international role and the EU's monetary sovereignty during the Eurogroup meeting.

In a statement made upon arriving at the Eurogroup meeting, Greek Minister of National Economy and Finance, Kyriakos Pierrakakis, highlighted the existential significance of safeguarding the euro's role on the international stage and the monetary sovereignty of the European Union. He pointed out the critical function of the common currency in strengthening economic unity in Europe, especially in light of recent geopolitical developments that pose risks of the international financial and monetary system being leveraged as a political tool.

Pierrakakis also mentioned that a key topic of discussion during the meeting would be the global macroeconomic imbalances among regional blocs. He noted that this issue is particularly pertinent as it would be examined alongside colleagues from outside the Eurozone, illustrating the collaborative efforts needed to address challenges that span beyond national boundaries. The discussions are expected to reflect the complexities of the current global economic environment, which affects all economies differently.

His address comes at a crucial time when Europe is facing various economic challenges amid shifting geopolitical dynamics. The outcome of this meeting could have profound implications not only for the European Union but also for global economic stability, emphasizing the need for a cohesive strategy to strengthen monetary frameworks and mitigate regional disparities in economic performance.

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