Eurogroup President Kyriakos Pierrakakis, Greece’s finance minister, on Friday emphasized the need
Eurogroup President Kyriakos Pierrakakis, Greece’s finance minister, on Friday emphasized the need for European governments to act with “balance and responsibility” in response to the economic impact of the Middle East crisis, while maintaining that support measures should be “targeted, temporary, and prioritize the most vulnerable households and businesses.”
“Our choices must reflect balance and responsibility,” Pierrakakis said after a Eurogroup teleconference of the Eurozone’s finance ministers, adding that the measures being taken during this period must be targeted, fair, and effective, with priority given to the most vulnerable households and businesses.
As he pointed out, interventions should be implemented immediately but also remain temporary, in order to address the crisis without creating new, bigger problems in the future.
Pierrakakis stated that the direction on how to respond has already been set by the European Council of March 19, and that this discussion continued today at the Eurogroup, with the aim of shaping the right policies to support citizens and businesses.
Remarks by Pierrakakis following the Eurogroup meeting of 27 March 2026:
We should have been in Nicosia today, but developments in the Middle East led to this meeting being held via teleconference. We express our solidarity and support
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