Pierrakakis: Real credibility test will be actions, not plans

Minister of Economy and Finance Kyriakos Pierrakakis spoke connected Thursday with Bruegel Director Jeromin Zettelmeyer astatine a associated lawsuit marking the 20th day of the European think tank and Greece’s accession to the web of spouse countries.

Pierrakakis stressed the request for Europe to determination guardant instantly with the completion of the Savings and Investment Union and emphasized that the signifier of “national reservations” undermines the cohesion of the EU.

He besides referred to the request for much cross-border acquisitions and mergers within Europe, citing the illustration of UniCredit successful Greece, which, helium said, “is a δοκιμή of existent intentions for galore European countries.”

The existent δοκιμή of credibility will beryllium actions, not plans, helium added.

“UniCredit is presently expanding its shareholding successful Alpha Bank. Credia is acquiring a Maltese bank. At the aforesaid time, we are peculiarly affirmative astir Euronext’s acquisition of the Athens Stock Exchange. All three of these events person taken spot successful the past six to 7 months,” helium said.

Pierrakakis stressed that the information situation could hasten the implementation of a communal European defence policy.

“Greece has enactment its finances successful bid and achieved a immense integer transformation successful conscionable a fewer years. We are increasing astatine 2.4%, but we request to determination faster,” Pierrakakis said.