Overview
- He was chosen on 11 December by the 20 eurozone finance ministers in Brussels, defeating Belgium’s Vincent Van Peteghem.
- Pierrakakis succeeds Paschal Donohoe, who left in November for a senior World Bank post, and he will serve a two-and-a-half-year term.
- The Eurogroup is an informal monthly forum of euro-area finance ministers, whose chair coordinates discussions and serves as spokesperson.
- Pierrakakis, 42, has served as Greece’s finance minister since March 2025 after leading digital and education portfolios, with studies reported at Harvard and MIT.
- Germany’s Lars Klingbeil offered public congratulations, while EU and Greek leaders cast the outcome as acknowledgment of Greece’s reforms, budget surplus, and comparatively stronger growth.