Download PDF: ESM Annual Report 2016

The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2016.  Additionally, it contains an external auditor's report and a report of the Board of Auditors.

Excerpt of the Message from the Managing Director

"Europe has clearly left the crisis behind it, but enough work remains to be done. I see it as the duty of the ESM to continue to make monetary union more robust, and the economy more resilient. This is what is needed for Europe to stay relevant, and for its citizens to receive the full benefits of the euro."

- Klaus Regling