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[BUSINESS] · Greece, France · 3 sources

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Kyriakos Pierrakakis discusses European resilience and bond markets

Greek Minister of National Economy and Finance and Eurogroup President Kyriakos Pierrakakis participated in a discussion hosted by ELIAMEP titled ‘Europe in the Age of Power: Who Will Shape Its Future?’. During the event, Pierrakakis addressed the recent unrest in France, stating that ‘violence is never acceptable. Period.’

Pierrakakis also noted that European bond markets are operating in a more demanding environment, with average ten-year interest rates reaching approximately 4%, compared to a previous 1.1%. He highlighted that Europe has become more resilient since the 2010 Greek crisis due to improved bank capitalization, the establishment of the European Stability Mechanism (ESM), and a stronger fiscal framework.

Author Giuliano da Empoli, who joined the discussion moderated by Loukas Tsoukalis, remarked that some view the current Greek political leadership and government as a hopeful European example.

Entities

ELIAMEP · Eurogroup · European Stability Mechanism · Giuliano da Empoli · Kyriakos Pierrakakis

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