Photo source: Greek Finance Ministry
Greek Finance Minister Kyriakos Pierrakakis has been elected president of the Eurogroup for a two-and-a-half-year term, the euro area body announced on Thursday. He will assume his new role on 12 December 2025, becoming the fifth permanent president of the Eurogroup.
According to the official announcement, Pierrakakis was elected in line with Protocol 14 of the EU Treaties. His first meeting as Eurogroup president is scheduled for 19 January 2026.
The Eurogroup is an informal forum bringing together the finance ministers of euro area member states to discuss matters related to the single currency. Its primary role is to ensure close coordination of economic policies within the eurozone, prepare Euro Summit meetings and follow up on their conclusions. The group typically meets once a month, ahead of meetings of the EU’s Economic and Financial Affairs Council.
Pierrakakis succeeds Paschal Donohoe and joins a list of previous Eurogroup presidents that includes Jean-Claude Juncker, Jeroen Dijsselbloem and Mário Centeno.
Pierrakakis said he was honoured by the trust shown by his fellow finance ministers and pledged to work to ensure the Eurogroup remains a forum for unity and close cooperation. “My focus will be on delivering results through stronger coordination across the euro area,” he said.
Background and experience
Pierrakakis currently serves as Greece’s minister of economy and finance, where he is responsible for overseeing the country’s fiscal policy and economic governance. Prior to this role, he served as minister of digital governance, during which time digital public services were expanded, including during the COVID-19 period. He has also chaired the OECD Global Strategy Group.
The election comes at a time when the Eurogroup continues to play a central role in coordinating economic policy across the euro area, amid ongoing discussions on fiscal frameworks, competitiveness and long-term stability.
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