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“Financial markets and economic growth: How is the current geopolitical turmoil affecting the markets?”
Opening remarks at 20th Annual Cyprus Summit
Nicosia, 21 November 2024
‘’Geopolitical tensions lead to uncertainty and geo-economic fragmentation, which distorts trade flows, disrupts supply chains, and poses a risk to financial stability. It highlights the importance of European integration for Cyprus.’’
The result of the auction of 18 March 2025 for the 6-months Bills of the ESM was as follows:
Total Bids: € 2,647.00 mn
Competitive bids: € 748.00 mn
Non-competitive bids: € 1,899.00 mn
Allotment / Issue volume: € 1,097.23 mn
Broadcast on ERT (Greece)
Interview conducted on 14 March 2025
Interviewer: Rallou Alexopoulou
Original language: English
Journalist: Let us start with the European economy.
The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.
ESM MD Pierre Gramegna visited Athens to meet with the Greek Prime Minister Kyriakos Mitsotakis, Finance Minister Kostis Hatzidakis, and Bank of Greece Governor Yannis Stournaras to discuss evolving geopolitical developments, the country’s economic performance, and Europe’s economic outlook.
Pierre Gramegna spoke to press after meeting Greek Finance Minister Kostis Hatzidakis: