https://www.esm.europa.eu/blog/momentum-builds-europe%E2%80%99s-capital-markets-union Europe is strongest when united. This year, Europe showed that solidarity over the Covid-19 pandemic; the ESM became part of the response with loans called Pandemic Crisis Support.We have enjoyed the economic benefits of a single market for goods and services for nearly 30 years. But a united market...

https://www.esm.europa.eu/blog/helping-people-businesses-and-countries-europe Covid-19 took us all by surprise. Within weeks, a local health issue far from European shores grew to a global crisis of unprecedented proportions. The so-called “Great Lockdown” has brought the global economy to its knees, causing the loss of jobs and businesses while threatening to deplete...

https://www.esm.europa.eu/blog/regional-rescue-funds-and-imf-%E2%80%93-time-deeper-cooperation-now “We are all in this together” — with these words, ESM Managing Director Klaus Regling began his remarks at the April virtual meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), and the heads of regional rescue funds from around the globe. The IMF and the...

https://www.esm.europa.eu/blog/euronomics-building-blocks-recovery The suffering and lives lost as a result of the Covid-19 pandemic have taken a heavy toll on humanity, and stopping it is the most urgent concern. The economic damage is also unprecedented in the European Union. Production has fallen by around a quarter and a more severe recession than the 2008...

https://www.esm.europa.eu/blog/funding-health-and-stability We are now part of Europe’s €540 billion response to fight a crisis caused by the coronavirus. On Thursday, 23 April 2020, the Heads of State and Government[1] endorsed the plan that we can make available Pandemic Crisis Support for all euro member states of around 2% of each country’s gross...

https://www.esm.europa.eu/blog/how-esm-helps-europe Following the outbreak of the Covid-19 crisis, the ESM is back at the centre of the debate in Europe. On 9 April, the EU finance ministers agreed that the ESM will contribute, along with the European Commission and the European Investment Bank (EIB), to the joint European crisis relief efforts. The...

https://www.esm.europa.eu/blog/time-solidarity-europe-concerted-european-financial-response-corona-crisis The coronavirus pandemic is a global shock hitting all European economies. Europe is facing the worst health crisis since the Spanish flu a century ago. As a result, Europe’s economies will suffer much more damage than initially expected. This requires a concerted and well-coordinated policy...

https://www.esm.europa.eu/blog/international-women-s-day-let%E2%80%99s-all-be-each-for-equal As we approach International Women’s Day, I have been reflecting on the feminism and gender equality movements – and have a confession to make: until recently, and despite actively supporting diversity and inclusion over the years, I struggled with these concepts. So I distanced myself from feminism...