President of the Eurogroup, Kyriakos Pierrakakis, issued a statement on the nominations for the post of ECB Vice-President.

Remarks by Makis Keravnos, acting President of the Eurogroup, following the Eurogroup meeting of 11 December 2025 on the euro area’s resilience, fiscal coordination and budgetary plans for 2026, the selection process for the next ECB Vice President, and election of Kyriakos Pierrakakis as the new Eurogroup President starting 12 December 2025.

The Eurogroup elected Kyriakos Pierrakakis, Minister of Economy and Finance of Greece, as President of the Eurogroup, in line with Protocol 14 of the EU treaties.

Eurogroup issued a statement on the draft budgetary plans for 2026 highlighting that the euro area economy grew more than expected in 2025 and is set for moderate growth in 2026, but faces risks from global uncertainty, while public deficits and debt are rising slightly. The Eurogroup also welcomed most countries' 2026 budget plans as compliant with EU fiscal rules.

The election of the new president will take place at the next meeting of the Eurogroup on 11 December. The president is elected by a simple majority of the Eurogroup ministers, in line with the Treaty's Protocol 14 on the Eurogroup.

Paschal Donohoe, issued a statement announcing his resignation as President of the Eurogroup as of 18 November 2025.

Eurogroup President, Paschal Donohoe, gave a speech at the Sixth ECB Forum on Banking Supervision, on the 'Shaping financial regulation in an era of distrust'.

President of the Eurogroup, Paschal Donohoe, is travelling to Germany on 14 November 2025.

Remarks by Eurogroup President Paschal Donohoe on macroeconomic situation, competitiveness, euro area challenges in a global context, while also addressing fiscal policy coordination, Banking Union and the progress made on the digital euro and stablecoins.