Overview
- The 20 eurozone finance ministers chose the Greek finance minister in a Brussels ballot over Belgium’s Vincent Van Peteghem.
- He succeeds Paschal Donohoe, who resigned in November to take a senior post at the World Bank.
- The Eurogroup coordinates economic policy for euro-area countries and elects its chair by simple majority every two and a half years.
- Pierrakakis, 42, has served as finance minister since March after leading Greece’s digital and education portfolios.
- Germany’s Lars Klingbeil, European Council President António Costa and Greek Prime Minister Kyriakos Mitsotakis welcomed the result, noting Greece’s recent fiscal surplus and stronger growth.