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Who we are

The European Stability Mechanism (ESM) provides financial assistance to euro area countries in crisis, acting as a lender of last resort to ensure the financial stability and prosperity of the euro area.

Pierre Gramegna
Managing Director

Facts

20
ESM shareholders
€295bn
total amount of loans disbursed by ESM/EFSF
€428.4bn
ESM's remaining lending capacity (Forward Commitment Capacity)
85%
Percentage of ESM’s €500 bn lending capacity currently available
€80.5bn
ESM’s paid-in capital
€17.7billion
amount disbursed to Ireland by EFSF
20.8years
weighted average maturity of EFSF loans to Ireland
2029
Date when Ireland starts to repay EFSF loans. All payments due until 2042
5.5%
Ireland’s estimated GDP growth in 2022
€41.3billion
amount ESM disbursed to Spain
8
number of Spanish banks recapitalised thanks to ESM funds
12.5years
Weighted average maturity of ESM loans to Spain
14.9years
Weighted average maturity of ESM loans to Cyprus
Group visits inquiry

The ESM welcomes groups from schools, universities, and other institutions that wish to learn about the institution and its role in safeguarding financial stability in the euro area.

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Speaker requests

To invite a member of the ESM Management Board or other ESM staff to speak at a conference or event, please use the speaking engagement request form.