National Economy and Finance Minister and Eurogroup President Kyriakos Pierrakakis was in Brussels on Monday to participate in the Eurogroup and Ecofin meetings, as well as in the extraordinary videoconference of the G7 finance ministers that will precede the meeting of the eurozone finance ministers.

The escalation of tension in the Middle East, which is already causing turbulence in the international markets, is expected to dominate Monday’s discussions in the Eurogroup.

The eurozone finance ministers will examine the effects on energy prices and inflation, as well as strengthening the resilience of European economies, in an environment of increased international uncertainty.

Deputy Finance Minister Thanos Petralias, who represents Greece in the Eurogroup meetings, was also in the Belgian capital.

The focus of Tuesday’s Ecofin meeting, in addition to developments in the Middle East, will be the package of measures to complete and strengthen financial market supervision in the context of the European Strategy for the Savings and Investments Union (SIU).

This initiative is a key priority for the European Union and aims to deepen the single capital market, channel European savings into productive investment and broaden the sources of financing for the European economy.

Source: Ekathimerini.com