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Link to the livestream: The evolution of Europe's financial response to challenges: what should come next? (youtube.com)
The result of the auction of 4 June 2024 for the 3-months Bills of the ESM was as follows:
Total Bids: € 2,509.00 mn
Competitive bids: € 793.00 mn
Non-competitive bids: € 1,716.00 mn
Allotment / Issue volume: € 1,069.96 mn
The European Financial Stability Facility (EFSF) takes note of the decision by Standard & Poor’s to downgrade the EFSF's long-term rating by one notch to AA- with stable outlook from AA with negative outlook.
At the same time, Standard & Poor’s affirmed the EFSF's short-term rating which is unchanged at the highest possible level of A-1+.