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Luxembourg – The European Financial Stability Facility (EFSF) today issued a new €3 billion 5-year benchmark bond with a coupon of 0.1 percent, maturing on Jan 19, 2021. This is the first deal of the year by the EFSF or the ESM. The EFSF’s total funding needs for this year are €14 billion.
Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) today authorised the disbursement of €1 billion to Greece. This disbursement, which follows the Greek government’s completion of the second set of reform milestones, will be used by the government for debt service, budget financing, and co-financing projects funded by EU structural funds.
Presentation at the "30. Internationales Zinsforum", Frankfurt, by Klaus Regling, Geschäftsführender Direktor des Europäischen Stabilitätsmechanismus (ESM)
Rolf Strauch, Member of ESM Management Board
"Towards a stronger Global Financial Safety Net: Lessons from euro area programmes"1
Speech at the second annual BRICS Economic Think Tank Forum
Beijing, 12 December 2015
Dear conference organisers – Mr. Daokui Li and Mr. Marc Uzan,
Dear Ladies and Gentlemen,
It is a great pleasure for me to participate in this panel alongside such distinguished fellow speakers.
Luxembourg – The ESM Board of Directors decided today to release €2.71 billion to Greece to recapitalise National Bank of Greece (NBG). This amount will be subtracted from the funds designated to cover potential resolution and recapitalisation costs of the banking sector, part of the ESM financial assistance granted to Greece in August.
Luxembourg – The European Stability Mechanism (ESM) today issued a new €1 billion 40-year benchmark bond with a coupon of 1.85%, maturing on 1 December, 2055. The deal fills the remaining €500 million funding need for this year, while the other half will be used for the ESM’s 2016 funding programme.