PM Mitsotakis, EU Finance Chief Albuquerque Push for Deeper Financial Integration in Athens Meeting

Greek Prime Minister Kyriakos Mitsotakis met with Maria Luís Albuquerque, the European Commissioner for Financial Services, Savings and Investment Union, in Athens, on Thursday morning, May 22. The discussion focused on key EU financial reform initiatives aimed at strengthening the bloc’s economic resilience and competitiveness.

The meeting centered on the deepening of the Banking Union and the expanded Savings and Investment Union — formerly known as the Capital Markets Union. These initiatives are seen as crucial for stimulating investment across the European Union, especially among small and medium-sized enterprises, and for offering citizens better savings opportunities.

The two sides underscored the importance of integrating Europe’s financial markets to reduce fragmentation, enhance capital flows, and support economic growth across member states. Mitsotakis reiterated Greece’s full support for the Commission’s efforts, describing the reforms as essential to the continent’s long-term economic stability.

Discussions also touched on the progress of the Greek economy, with emphasis on improvements in the financial sector and the need to further direct capital toward productive areas, including housing, innovation, and digital transformation. The prime minister highlighted the strides made in banking stability, as well as ongoing efforts to lower borrowing costs and modernize financial services.

Commissioner Albuquerque praised Greece’s recovery since the crisis years and acknowledged the shared challenges overcome during that period. She noted the political hurdles still facing parts of the reform agenda but expressed optimism about securing broader support among EU member states.

Both sides agreed on the urgency of advancing these financial reforms to better serve European citizens and unlock the full potential of the single market.

Source: tovima.com