Bloomberg Talks Greek PM Talks EU Debt, Cross-Border Banking
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Sep 26, 2025 Kyriakos Mitsotakis, the Prime Minister of Greece, discusses the vital push for joint EU defense debt to enhance security funding, particularly in missile and drone technologies. He highlights Greece's impressive fiscal performance, advocating for tax cuts while warning about economic divergences in Europe. Mitsotakis expresses support for cross-border banking consolidation, emphasizing the benefits of increased scale and credit supply in the region. His insights reveal a strong commitment to innovation and investment as Greece aims for long-term economic transformation.
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Momentum For Joint European Defence Debt
- Mitsotakis believes Europe is gaining momentum to create joint borrowing for common defence projects like missile and drone defence.
- He expects Germany and others to eventually agree and anticipates movement at upcoming European councils.
Fiscal Discipline Paired With Growth
- Greece has produced significant primary surpluses and may finish the year with a real surplus again.
- Mitsotakis ties fiscal discipline to growth, job creation and tax cuts for the middle class starting January 1st.
Market Discipline Forces Fiscal Correction
- Mitsotakis warns that markets eventually force governments to fix fiscal imbalances and praises Greece's reforms.
- He stresses that fiscal correction enables growth, tax cuts, and targeted income support.