- Greek Finance Minister Kyriakos Pierrakakis participated in Eurogroup and ECOFIN meetings in Luxembourg addressing key issues for Greece and the European Union
- Regarding tobacco taxation, he warned that excessive tax increases lead to increased smuggling and market disruption, suggesting longer transitional periods for implementation
- On the Savings and Investment Union, he emphasized the need for faster implementation of European capital market integration to reduce opportunity costs of delays
- Greece supports cross border mergers and acquisitions, stating that Europe needs European champions rather than just national ones from member states
- He cited three examples of cross border deals in Greece within seven months, including Euronext’s proposal to acquire the Athens Stock Exchange and UniCredit’s activities
Source: minfin.gov.gr
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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