Search

Final Conference on "Rebalancing the Eurozone. Towards a New Economic Future". Click here for more information.

Luxembourg - The European Stability Mechanism (ESM) welcomes Günter Borgel to its Board of Auditors. Mr Borgel is a member of the Management Board of the Federal Agency for Financial Market Stabilisation in Germany. He was appointed by the ESM Board of Governors for a non-renewable three-year term, starting on 1 April 2016.

Luxembourg – Cyprus successfully concludes its three-year ESM financial assistance programme today. The ESM disbursed €6.3 billion, in addition to around €1 billion in loans from the IMF, out of a loan package of up to €10 billion. The Cypriot authorities did not need the remaining €2.7 billion.

Luxembourg – The European Stability Mechanism (ESM) today raised €1 billion in a tap of its November 2036 bond, completing its funding needs for the first quarter of the year.

“With today’s transaction, the ESM has successfully completed its funding programme for the first quarter. The strong order book is a sign of lively investor interest in our longer-term maturities,” said Siegfried Ruhl, ESM Head of Funding.

Interview with Klaus Regling, Managing Director, ESM

Published in Neue Zürcher Zeitung (Switzerland)

18 March 2016