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ESM gears up for action
Oct 2, 2013 : The European Stability Mechanism aims to raise €9bn in international capital markets to fund aid for struggling eurozone countries. Klaus Regling, ESM's managing director, talks to the FT’s capital markets editor Ralph Atkins about investor demand for eurozone debt.
Klaus Regling : « Le MES a une capacité d'intervention suffisante pour l'Italie ou l'Espagne »
Klaus Regling (Directeur général du Mécanisme européen de stabilité)
Klaus Regling dirige les deux fonds de secours qui ont été créés pendant la crise de la zone euro pour prêter aux pays coupés des marchés financiers.
Luxembourg – The European Stability Mechanism (ESM) disbursed today €1.5 billion to Cyprus for the recapitalisation of the cooperative banking sector. The amount was disbursed in a cashless operation involving one series of 18-month ESM floating rate notes (FRN). The loan will be repaid in two equal instalments of €750 million, due in 2029 and 2030, respectively.
Cyprus has now received a total of €4.5 billion in ESM financial assistance out of a total committed amount of approximately €9 billion.
The European Financial Stability Facility (EFSF) disbursed today €1 billion to Ireland. The funds were transferred in cash and the loan has a maturity of 21 years (2034).
With this disbursement, Ireland has now received from the EFSF €15.4 billion out of the total committed amount of €17.7 billion. This assistance programme is due to expire in December 2013.
Bailout Fund Boss Says Current Greek Debt Analysis ‘Meaningless’
Klaus Regling, the managing director of the European Stability Mechanism, the euro-zone bailout fund, spoke to The Wall Street Journal about a range of issues, starting with Greece’s debt load. This is a transcript of the interview with Matina Stevis and Gabriele Steinhauser.
Alternatives to austerity would be even more painful, warns ESM chief Klaus Regling
«On ne nous pose plus de questions sur l'avenir de la zone euro»
Alors que le Mécanisme européen de stabilité (MES) espère émettre à long terme en octobre, son DG délégué, Christophe Frankel, présente sa stratégie.
Par A. Garabedian et S. Poullennec le 19/09/2013 pour L'AGEFI Quotidien -Edition de 7H
Quelle est l'activité du Fonds européen de stabilité financière (FESF) depuis que le MES a pris son relais en juillet dernier?
Vilnius – The Board of Governors of the European Stability Mechanism (ESM) has today approved the updated Memorandum of Understanding for Cyprus. This clears the way for the disbursement of €1.5 billion, the second tranche of the country’s financial assistance programme. This disbursement is expected to be formally decided by the ESM Board of Directors. Upon approval, the amount will be used for the recapitalisation of the cooperative banking sector.