Greece Eyes Big Business Deals Across Borders

Greece is pushing for more business mergers and takeovers across European borders. The country's finance chief, Kyriakos Pierrakakis, believes this is key to boosting Europe's global standing.

Key Remarks from a Financial Gathering in Washington

Pierrakakis emphasized that Europe needs to think bigger and act faster to stay competitive. He pointed out that not pursuing these deals comes with a significant cost.

Greece's Central Role in the Shift

Pierrakakis sees Greece playing a central role in this shift. He believes it could benefit the Athens Stock Exchange and the broader economy. Infrastructure is one area where he expects to see a lot of activity.

Strong Economic Growth Expected

Greece is also expecting strong economic growth in the coming years. This is partly due to increased investment and consumer spending. Much of this investment is backed by the European Recovery Fund, which will wrap up in 2026.

Optimism Despite the End of the Recovery Fund

Despite the end of this fund, Pierrakakis is optimistic. He believes the projects it supports will have long-lasting effects. He also highlights the importance of private investment in driving growth.

The Main Challenge: Sustaining Investment

The main challenge, according to Pierrakakis, is to keep increasing investment. This is crucial for sustaining economic momentum.