Eurogroup chief tells Euronews 'fiscal policy must not contradict ECB'

Published on

11/06/2026 - 12:53 GMT+2

Eurogroup President Kyriakos Pierrakakis told Euronews that fiscal policy across the euro area must complement the efforts of the European Central Bank to contain inflation, after the conflict in the Middle East triggered an increase in energy prices across the bloc.

The ECB is widely expected to raise its key interest rate by 25 basis points to 2.25% on Thursday, as part of the monetary policy overseen by ECB President Christine Lagarde.

Speaking on Euronews' flagship morning programme, Europe Today, Pierrakakis said finance ministers must strike a balance between providing fiscal support and implementing targeted measures that do not fuel broader inflationary pressures.