Greece's finance minister Kyriakos Pierrakakis was elected Eurogroup chief on Thursday in a remarkable turnaround for a country that a decade ago was on the brink of crashing out of the euro.

Pierrakakis's peers appointed him to lead the powerful panel of finance ministers from Europe's 20-country single currency area during a meeting in Brussels. The runner-up was Vincent Van Peteghem of Belgium.

"Greece has come such a long way in the past 10 years. Your election today as President of the Eurogroup, dear Kyriakos @Pierrakakis, is a meaningful recognition of that progress," European Union chief Antonio Costa wrote on X.

"I look forward to working together to strengthen Europe's growth and competitiveness for the benefit of our citizens and our common currency."

Pierrakakis replaces Ir

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