Kyriakos Pierrakakis
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- Oct 15
IMF sees Greek public debt falling to 136% of GDP in 2026 and 128.7% in 2027
At the IMF and World Bank annual meetings in Bangkok, Greek finance minister Kyriakos Pierrakakis said only five EU states run budget surpluses, while the fund projects Greek debt falling further through 2031.
- Oct 13
Greece to subsidise heating oil at the pump and raise heating allowance 30% from 14 October
Finance minister Kyriakos Pierrakakis announced a double intervention on heating oil on Tuesday, 13 October. Measures are to be specified on Wednesday, 14 October, with a target price below 1.75 euros per litre.
- Oct 9
EU approves Greek energy escape clause for about 1 billion euros in investment
The European Commission cleared Greece's request, sent by letter on 6 August 2026, to extend its national escape clause to energy resilience measures. Planned investments are expected to approach 1 billion euros by 2028, funded from national resources.
- Oct 9
ECB policymakers dampen rate hike bets as Schnabel successor race opens
Euro zone finance ministers opened the process to replace Isabel Schnabel, who leaves the ECB on January 3, 2027, while several ECB policymakers said they are in no rush to raise rates again.
- Oct 8
Pierrakakis urges EU to shield citizens from energy shock without undermining fiscal credibility
Eurogroup president Kyriakos Pierrakakis described a difficult balance for the eurozone after energy prices returned to high levels, as Greece and Italy requested more fiscal flexibility. Several finance ministers pushed back at the Luxembourg meeting.
- Oct 8
EU's Dombrovskis rules out more fiscal flexibility as Italy and Greece press on inflation
Valdis Dombrovskis said the Commission will examine Italian and Greek requests more closely, while Italy's energy and defence escape clause cleared its first Commission assessment.
- Oct 6
Greece files criminal complaints against 18 influencers for promoting illegal online gambling
The Hellenic Gaming Commission referred 18 social media personalities with 3.6 million combined followers to the Athens First Instance Prosecutor for advertising unlicensed gambling operators.
- Oct 6
Nikos Androulakis rejects coalition of defeated parties and demands PASOK victory
In an interview on ERTnews, PASOK leader Nikos Androulakis ruled out joining a government without winning first place, criticising New Democracy on debt relief, pensions, and Aegean diplomacy.
- Oct 5
Greece forecasts 2.3% GDP growth in 2027 draft budget as debt drops below Italy
The Greek government submitted its draft 2027 budget to parliament on 5 October 2026, projecting 2.3% economic growth, budget surpluses, and public debt dropping to 128.8% of GDP.
- Oct 5
Greece to table 2027 draft budget with 2.3% growth target and €5B relief package
Greece will submit its 2027 draft budget to Parliament on Monday, targeting economic growth of up to 2.3%, a primary surplus above 3%, and €5 billion in combined relief measures.
- Sep 19
Eurogroup president warns new energy relief must comply with European fiscal rules
Eurogroup President Kyriakos Pierrakakis stated in Dublin that any government response to rising oil and gas costs must remain temporary, targeted, and aligned with European Union spending ceilings.
- Aug 7
Greece seeks EU escape clause extension for over €1 billion in energy resilience investments
Greece's Finance Minister Pierrakakis asked the European Commission to extend the National Escape Clause to energy, unlocking fiscal space for investments exceeding €1 billion by 2028 alongside €2.4 billion in defense flexibility.
- Jul 12
Greece opens 72-installment tax debt settlement platform by 20 July, halving monthly payments for hundreds of thousands
The myAADE portal will display the application option under law 5313/2026, covering debts incurred up to the end of 2023, while newer obligations remain under a separate 24-installment scheme.
- Jul 6
Tempe trial adjourned after court appoints three state-funded lawyers for defendant citing financial hardship
The Tempe train disaster trial was adjourned until Tuesday after the court appointed three state-funded lawyers for a defendant who could no longer afford his previous counsel.
- Jun 28
Greece enacts private debt overhaul with lower court-settlement payments, a 72-instalment tax scheme and higher unseizable bank threshold
The law, voted in parliament this week, recalculates interest on judicial debt settlements, creates a 72-instalment scheme for older tax arrears, and raises the monthly amount shielded from bank seizures.
- Jun 27
Bank of Greece backs new interest rules for Katseli loans, lowering payments for 100,000 borrowers
A legislative provision that overhauls interest calculation for loans restructured under the Katseli law has received the endorsement of Bank of Greece governor Yannis Stournaras, while the Greek Ministry of National Economy estimates the total cost impact over 20 years at around 500 million euros on a portfolio of 16.5 billion euros.
- Jun 17
Greece raises bank account seizure thresholds and opens 72-instalment debt scheme for 1.5 million borrowers
A multi-bill tabled in parliament late Monday raises the monthly amount shielded from tax-office and private creditors, while introducing a fresh 72-instalment settlement for old tax and social-security arrears.
- Jun 17
Greece extends Swiss-franc mortgage relief deadline to 30 September as nearly 19,000 borrowers apply
The Greek government has given holders of Swiss-franc mortgages three extra months to join a state-backed conversion scheme, moving the cutoff to 30 September 2026 after strong initial demand.
- Jun 15
G7 summit opens in Évian with US-Iran preliminary deal and Ukraine war at centre of three-day agenda
Leaders of the G7 industrial democracies begin a summit in Évian-les-Bains on Monday, hours after Washington and Tehran announced a preliminary agreement to end the war. The deal, together with the conflict in Ukraine and economic security, will shape the talks through Wednesday.
- Jun 12
Eurogroup president pushes for fiscal leeway on energy investments as Strait of Hormuz crisis persists
Finance ministers of the eurozone discussed a European Commission proposal to grant member states temporary fiscal flexibility for energy‑security investments, against the backdrop of sustained high prices and the closure of the Strait of Hormuz. Eurogroup President Kyriakos Pierrakakis backed the plan, while Germany sounded a note of caution.
