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Luxembourg – The Board of Directors of the ESM decided today to release €2.72 billion to Greece to recapitalise Piraeus Bank. This amount will be subtracted from the €10 billion held in a segregated account at the ESM and designated to cover the Greek banking sector’s potential resolution and recapitalisation costs, part of the ESM financial assistance granted to Greece in August.
Public Roundtable, Brookings Institution Washington DC, 13 April 2016
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Many thanks for inviting me here. When I last spoke at Brookings in 2013, many people expected the end of the euro. Today, judging by some headlines, there are again many who think that Europe is in a crisis. The “no” vote in the referendum in the Netherlands last week unfortunately only adds to that notion.
Luxembourg – The Board of Directors of the European Financial Stability Facility (EFSF) approved today the disbursement of €1 billion to Greece, taking into account the implementation of a set of milestones agreed in April 2014.
This is the third and final tranche of the total €8.3 billion instalment approved by the Eurogroup following the conclusion of the fourth review mission of Greece’s macroeconomic adjustment programme. After the present disbursement, total EFSF financial assistance for Greece will reach €141.8 billion, and €1.8 billion will remain available from the EFSF.
Klaus Regling, ESM Managing Director "Europe after the crisis"
Council on Foreign Relations
New York, 12 April 2016
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Dear Willem, ladies and gentlemen, many thanks for inviting me. I’m happy to be back in New York. It’s gratifying to see so much interest in Europe. This is good, because it gives me a chance to dispel some of the pessimism that surrounds Europe.
Speech by Klaus Regling, ESM Managing Director, under the title 'Was kann der ESM leisten?', at the Bundesverband der Deutschen Volksbanken in Berlin.
Annual meeting of the ESM Board of Governors
According to the ESM By-Laws, the Board of Governors meets at least once a year and whenever the affairs of the ESM so require. During the annual meeting, the Board of Governors approves the ESM Annual Report.
The Report contains:
Participation of Klaus Regling, ESM Managing Director, at a roundtable discussion under the title 'Stabiler Euro für solides Wachstum', organised by the Bayerisches Staatsministerium der Finanzen in Munich.
Participation of Klaus Regling, ESM Managing Director, at the FSF 2013 - The 2nd Financial Street Forum in Beijing.