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ESM’s 21st Member

High-level Conference in Sofia, Bulgaria

Building Resilience Together: Bulgaria's ESM Membership
Pierre tv

Benefits of ESM membership

Interview
Youth Talk

Bulgaria and the Euro - "ESM Youth Talk"

Speech
sofia-esm-video

Resilient Together: Bulgaria in the ESM

Video

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.

News

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Interviews

Pierre Gramegna interviewed by CNBC Squawk Box Europe

New
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Speeches

Pierre Gramegna's keynote speech at Capital Markets Seminar 2026

New
Pierre tv
Interviews

Pierre Gramegna interviewed by Bulgarian National TV

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Press conferences

Pierre Gramegna's press statements following high-level conference in Sofia

Facts

21
ESM shareholders
€295bn
total amount of loans disbursed by ESM/EFSF
€433bn
ESM's remaining lending capacity (Forward Commitment Capacity)
86%
Percentage of ESM’s €500 bn lending capacity currently available
€81.1bn
ESM’s paid-in capital
12.5years
Weighted average maturity of ESM loans to Spain

Blog

Image template Blog The quiet strength of euro area bonds

The quiet strength of euro area bonds

Marius Marsanu, Marko Mravlak
Bonds
Man using a soldering iron to repair a drone.

Security at what cost? Defence spending, growth, and the fiscal arithmetic

Alexandre Lauwers , Vasiliki Michou, Lorenzo Ricci, Luca Zavalloni
Defence
Euro Area Stability Watch (EASW)
Resilience under strain-blog

Resilience under strain: The euro area is exposed to risks from Middle East conflict and US asset markets

Rolf Strauch
Euro Area Stability Watch (EASW)
Resilience
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International organisations leading the way in artificial intelligence – the next frontier for capital markets

Jorge Familiar, Kalin Anev Janse
Artificial intelligence
International organisations
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.