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Greek Finance Minister Kyriakos Pierrakakis Elected as Eurogroup President, Marking a Decade of Economic Recovery

Greek Finance Minister Kyriakos Pierrakakis Elected as Eurogroup President, Marking a Decade of Economic Recovery

Greek Finance Minister Kyriakos Pierrakakis has been elected as the president of the Eurogroup, a significant achievement for Greece, which faced a severe financial crisis a decade ago. The Eurogroup is an informal body comprising finance ministers from the 20 European Union countries that use the euro. It plays a crucial role in shaping economic policies across the eurozone. Greek Prime Minister Kyriakos Mitsotakis praised the election as a testament to Greece's recovery and progress since the financial crisis that nearly led to its exit from the eurozone. Pierrakakis, a member of the center-right New Democracy party, has been recognized for his efforts in digital governance and reducing bureaucracy in Greece.

In stunning reversal for Greece, Greek finance minister elected as Eurogroup president

In stunning reversal for Greece, Greek finance minister elected as Eurogroup president

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether

In stunning reversal for Europe, Greek finance minister elected as Eurogroup president

In stunning reversal for Europe, Greek finance minister elected as Eurogroup president

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether

Greek Finance Minister Kyriakos Pierrakakis Elected as Eurogroup President

Greek Finance Minister Kyriakos Pierrakakis Elected as Eurogroup President

Kyriakos Pierrakakis, the Greek Finance Minister, has been elected as the president of the Eurogroup, marking a significant milestone for Greece. This election comes a decade after Greece faced a severe financial crisis that nearly led to its exit from the eurozone. The Eurogroup, consisting of finance ministers from the 20 EU countries using the euro, plays a crucial role in shaping economic policies across the region. Pierrakakis, a member of Greece's New Democracy party, has been recognized for his efforts in digital governance and economic reforms. His election is seen as a testament to Greece's recovery and the sacrifices made by its citizens during the financial crisis.

Greek finance minister elected as Eurogroup president

Greek finance minister elected as Eurogroup president

Greek Finance Minister Kyriakos Pierrakakis has been elected as president of the Eurogroup — a move that would have been unthinkable just 10 years ago, when the country was in the throes of a deep financial crisis that almost saw it tossed out of the eurozone altogether

EU Considers Maritime Services Ban on Russian Oil, Cyprus and Malta Warn of Impact on Legitimate Shipping

EU Considers Maritime Services Ban on Russian Oil, Cyprus and Malta Warn of Impact on Legitimate Shipping

The European Union and the Group of Seven (G7) countries are in discussions to replace the current price cap on Russian oil exports with a comprehensive ban on maritime services. This move aims to reduce the oil revenue that supports Russia's military activities in Ukraine. Cyprus and Malta, key EU shipping nations, have expressed concerns that such a ban could negatively impact legitimate maritime businesses. They argue that the ban should not push maritime services to non-EU jurisdictions, which would reduce EU oversight and leverage. The proposed ban is part of the EU's next package of sanctions against Russia, expected in early 2026.

Cheese, water and crossings aim to build trust for split Cyprus' rival leaders

Cheese, water and crossings aim to build trust for split Cyprus' rival leaders

The rival leaders of divided Cyprus have met to inject fresh momentum in efforts to resume long-stalled formal talks to resolve the island’s 51-year-old ethnic cleave

EU set to lock up Russia's frozen assets so Hungary and Slovakia can't veto their use for Ukraine

EU set to lock up Russia's frozen assets so Hungary and Slovakia can't veto their use for Ukraine

The European Union is set to lock up Russia’s assets in Europe until Russia ends its war on Ukraine and compensates for the damage

European nations agree to consider weakening protections for migrants dating to WWII

European nations agree to consider weakening protections for migrants dating to WWII

European nations have agreed to consider changes that rights advocates say would weaken migrant protections that have underpinned European law since World War II

European nations set to discuss a tightening of migration rules

European nations set to discuss a tightening of migration rules

European leaders are set to call for stricter migration policies, a move critics say caters to far-right pressures and harms human rights

European nations agree to consider weakening protections for migrants dating back to WW2

European nations agree to consider weakening protections for migrants dating back to WW2

European nations have agreed to consider changes that rights advocates say would weaken migrant protections that have underpinned European law since World War II

International Search Launched for Missing Israeli Yacht Amid Storm Byron

International Search Launched for Missing Israeli Yacht Amid Storm Byron

A large-scale international search and rescue operation is currently underway in the Mediterranean Sea after an Israeli yacht carrying four individuals went missing. The yacht, which departed from Ashdod, Israel, lost contact near Cyprus. Authorities from Israel, Greece, and Cyprus have coordinated efforts to locate the vessel. The search is being conducted under challenging conditions due to Storm Byron, which has brought severe weather, including high waves, heavy rain, and strong winds, affecting the region. The storm has already impacted Cyprus and Greece, complicating the search efforts.