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Jasper Wesseling is Treasurer-General at the Netherlands Ministry of Finance.

After completing his PhD at Erasmus University of Rotterdam, he joined the Netherlands Ministry of Economic Affairs. In the period 2000-2004, he was manager for Central and Eastern Europe responsible for the bilateral programmes between the Netherlands and over 20 countries in this region. Later he was one of the directors at the international agency EVD. From 2004-2008 he served as as head of the cabinet of the minister of Economic Affairs. 

The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.

Time schedule of the auction procedure:
Date of invitation to bid: Monday, 19 August 2024
Bidding period: Tuesday, 20 August 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 22 August 2024

The result of the auction of 6 August 2024 for the 3-months Bills of the ESM was as follows:
Total Bids: € 2,794.00 mn
Competitive bids € 639.00 mn
Non-competitive bids € 2,155.00 mn
Allotment / Issue volume € 1,097.50 mn

Mr Jürgen Ligi has held several key ministerial positions in Estonia's government. He served as Minister of Defence between 2005 and 2007, Minister of Finance between 2009 and 2014, Minister of Education and Research between 2015 and 2016, and Minister of Foreign Affairs in 2016. In addition, Mr Ligi has extensive parliamentary experience, including chairing various committees related to budget control and security. His background spans both economic and diplomatic spheres.

Alternate Governor: Märten Ross

The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.

Time schedule of the auction procedure:
Date of invitation to bid: Monday, 5 August 2024
Bidding period: Tuesday, 6 August 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 8 August 2024

Francesco Tomasone was a Consultant in the Economic Risk Analysis division at the European Stability Mechanism (ESM).

A significant valuation gap has persisted for decades between US and euro area banks, which only narrows during times of global crises (see Figure 1).