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3 July
Pierrakakis emphasized the need for a single European frequency auction instead of 27 national auctions.
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Kyriakos Pierrakakis, the President of the Eurogroup and Greek Minister of National Economy and Finance, has proposed the establishment of a centralized European frequency auction system, rather than the current model which consists of 27 separate national auctions. He articulated this proposal during his speech at the EU Budget Conference 2026 in Brussels, where he emphasized the need for a bolder European strategy in the realms of the economy, technology, and the rollout of 5G and 6G networks.
Pierrakakis outlined that a unified frequency auction would not only streamline the process but also enhance the potential of sectors where Europe has global technology champions. He believes that such a system could provide more funding opportunities for these champions, thereby strengthening the overall technological landscape in Europe. The proposal aims to foster collaboration and efficiency across EU member states in managing frequency resources.
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