European Stability Mechanism |

22/10/2018 | Speeches and presentations Global economy in transition: where does Europe stand? - speech by Klaus Regling
18/10/2018 | Interviews Kalin Anev Janse in interview with Lider magazine (Croatia)
16/10/2018 | Press releases ESM completes full-year funding with $3 billion dollar deal
10/10/2018 | Press releases Regional Financing Arrangements hold third annual high-level dialogue in Bali
08/10/2018 | Interviews Klaus Regling in interview with Bloomberg TV

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ESM staff members' research helps improve our understanding of the euro area economy and particularly the effect of economic policies during crisis episodes.

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How the ESM works

16/04/2015 | LENGTH 3:47

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ESM on Twitter

#ESM Managing Director Klaus #Regling answering questions from a group of around 50 Brussels correspondents at the… https://t.co/zTdw8q8Xr9

9 hours 32 min ago

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The #ESM is looking forward to welcoming the Brussels correspondents to a briefing with Managing Director Klaus… https://t.co/yiXMTPJSA5

14 hours 41 min ago

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Read speech by #ESM Managing Director Klaus #Regling “Global economy in transition: where does Europe stand?” at Ba… https://t.co/c48vpSp2w4

1 day 8 hours ago

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#ESM Managing Director Klaus #Regling speaks at Bavarian Finance Conference in Munich. English:… https://t.co/BHtqISbsFi

1 day 8 hours ago

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#ESM is seeking an Internal Policies Officer. If you would like to be part of an international and collaborative wo… https://t.co/3kazPjNUHb

4 days 10 hours ago

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#ESM Secretary General Kalin Anev #Janse in interview with Croatian business magazine Lider https://t.co/gbL42BSlLy… https://t.co/2nzIdoA2oO

5 days 11 hours ago

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Read speech “Strengthen stability: further development of the ESM in a deepened monetary union” by #ESM MD Klaus… https://t.co/uDhOhSjmXd

5 days 14 hours ago

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#ESM Managing Director Klaus #Regling spoke on further development of the ESM at the parliamentary evening of the a… https://t.co/xJDwule03M

5 days 14 hours ago

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#ESM completes full-year funding with $3 billion dollar deal https://t.co/OjOEhnSASd

1 week 5 hours ago

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#ESM has received a €3 billlion voluntary early repayment from #Spain. This 9th voluntary repayment highlights Spai… https://t.co/RsE1wNHyOP

1 week 8 hours ago

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Facts

€410.1 bn

Forward Commitment Capacity (i.e. ESM's remaining lending capacity)
82%

of ESM’s €500 bn lending capacity is still available
19

the number of ESM shareholders (euro area Member States)
€80.5 bn

ESM’s paid-in capital
€295 bn

Total amount of loans disbursed by ESM/EFSF
2.5

EFSF/ESM disbursed 2.5 times more in loans than IMF from 2011-2015
5

countries have successfully exited EFSF/ESM programmes: Ireland, Spain, Portugal, Cyprus, Greece
55.5%

of Greek public debt is held by EFSF/ESM (as of 06/08/2018)
€16.6 bn

Accumulated savings for the 5 programme countries in 2017 as a result of EFSF/ESM financing
32.5 years

Maximum weighted average maturity of EFSF and ESM loans to Greece
0.9992%

Average interest rate charged by ESM on loans (Q1 2018)
70.6%

Percentage of total external financial assistance for Greece provided by EFSF/ESM
€18 bn

2018 target for ESM’s long-term funding (bond issuance)
40 years

the longest ESM bond maturity (issued in Dec. 2015)
€7 bn

the largest ESM bond ever issued (in Oct. 2012)
9 times

the oversubscription for the EFSF’s first bond issued in Jan. 2011