https://www.esm.europa.eu/videos-and-photos/rolf-strauch-europes-outlook-interview-imf-world-bank-atlantic-council Navigating Uncertainty in the Euro AreaRolf Strauch, ESM Chief Economist and Management Board Member, joins the Atlantic Council’s Martin Mühleisen to discuss how Europe can tackle inflation, fiscal pressures, and global shocks, strengthening resilience and safeguarding the euro area for the future.

https://www.esm.europa.eu/interviews/pierre-gramegna-interview-bloomberg Excerpts from interview with ESM Managing Director Pierre GramegnaBloomberg, 15 October 2025Interviewer: Alessandra Migliaccio On stablecoins:“We think that if stablecoins become mainstream, and if they’re not guaranteed as central bank money, then obviously there’s a risk to the whole financial...

https://www.esm.europa.eu/press-releases/esm-raises-eu1-billion-tap-2035-bond-completes-annual-funding (Luxembourg) - The European Stability Mechanism (ESM) reopened a 2035 bond on Tuesday, completing its long-term funding for the year.The €1 billion no-grow tap of the 2.75% 26 February 2035 bond was priced with a spread fixed at mid-swaps plus 31 basis points, for a reoffer yield of 2.884%. The...

https://www.esm.europa.eu/press-releases/joint-imf-rfas-press-release-10th-high-level-rfa-dialogue (Washington, DC) - On 14 October 2025, the Regional Financing Arrangements (RFAs) and the International Monetary Fund (IMF) marked a significant milestone with the convening of their 10th Annual High-Level Dialogue. Over the past decade, cooperation between the RFAs and the IMF has deepened...

https://www.esm.europa.eu/press-conferences/pierre-gramegna-eurogroup-press-conference-october-2025 Remarks by ESM Managing Director Pierre GramegnaPress conference following Eurogroup meetingLuxembourg, 10 October 2025 Remarks by ESM Managing Director Pierre GramegnaPress conference following Eurogroup meetingLuxembourg, 9 October 2025Let me welcome you warmly to this press conference in...

https://www.esm.europa.eu/speeches/global-financial-safety-net-fragmented-world-esm-youth-talk-presentation-nicola Presentation "The Global Financial Safety Net in a Fragmented World" by ESM Secretary General Nicola Giammarioli at Bocconi University in Milan, as part of the series of lectures "ESM Youth Talk".

https://www.esm.europa.eu/interviews/kalin-anev-janse-gff-podcast-esm-story-building-stability-european-financial-markets In this special episode, GFF podcast chats with Kalin Anev Janse, CFO of the European Stability Mechanism (ESM).Listen to Kalin Anev Janse, Andrew Keith Walker and Christian Rossler while they discuss the evolving role of the ESM, the Savings and Investments Union, ESG holdings and the role of the...

https://www.esm.europa.eu/videos-and-photos/pierre-gramegnas-keynote-speech-7th-annual-capital-markets-seminar-2025

https://www.esm.europa.eu/speeches/europe-critical-crossroads-no-room-complacency-time-act Pierre Gramegna, ESM Managing DirectorKeynote speech at EC-EIB-ESM Capital Markets Seminar“Europe at a critical crossroads: no room for complacency, time to act.”Luxembourg, 1 October 2025(Please check against delivery)IntroductionGood afternoon, ladies and gentlemen. I am delighted to open the 7th...

https://www.esm.europa.eu/interviews/pierre-gramegna-cnbc-interview-luxembourg Transcript of interview with ESM Managing Director Pierre GramegnaCNBC1 October 2025Interviewer: Silvia AmaroCNBC: I'll start the conversation looking at the general state of capital markets. This is a topic that we have been discussing for many, many years. There seems to be a little bit more of a...

https://www.esm.europa.eu/press-releases/esm-and-university-luxembourg-launch-joint-artificial-intelligence-research-bond (Luxembourg) - The European Stability Mechanism (ESM) and the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT) kicked off a joint research programme today. The initiative, “AI for Improved Bond Issuance, Causal Methods and Market Intelligence”, will focus...

https://www.esm.europa.eu/interviews/pierre-gramegna-interview-cnbc-squawk-box-asia Transcript of interview with ESM Managing Director Pierre GramegnaCNBC Squawk Box AsiaInterviewer: Martin Soong25 September 2025 CNBC: We just quoted you saying that the US-EU Trade Agreement is good. It removes some uncertainty, but the risks remain in terms of implementation. Would you say that it...

https://www.esm.europa.eu/press-conferences/pierre-gramegna-eurogroup-press-conference-september-2025 Remarks by ESM Managing Director Pierre GramegnaPress conference following Eurogroup meetingCopenhagen, 19 September 2025 Good morning, everyone. I’m pleased to be back in beautiful Copenhagen, where I was the last time in December 2002 for a European Council that was very successful because it was...

https://www.esm.europa.eu/press-releases/efsf-statement-following-fitch-ratings-decision-downgrade-its-long-term-rating-0 (Luxembourg) - The European Financial Stability Facility (EFSF) takes note of the decision by Fitch Ratings to downgrade the EFSF's long-term rating by one notch to A+ from AA-.At the same time, Fitch affirmed the EFSF's short-term rating is unchanged at the highest possible level of F1+.The rating...

https://www.esm.europa.eu/articles-and-op-eds/towards-stronger-euro-strategic-priorities-eu-financial-sector Pierre Gramegna, ESM Managing DirectorTowards a stronger euro: Strategic priorities for the EU financial sectorEurofi Magazine, 17 September 2025Eurofi Financial Forum, Copenhagen The global financial landscape is shifting. In April, following the US’s sweeping tariff announcement on “Liberation Day...

https://www.esm.europa.eu/speeches/euro-area-navigating-shifting-global-environment-presentation-rolf-strauch Presentation by Rolf Strauch, ESM Chief Economist, at Danske Bank Executive dialogue in Zurich on 15 September 2025.

https://www.esm.europa.eu/videos-and-photos/do-financial-stability-and-firefighters-have-anything-common-eu-finance-podcast Listen to ESM Secretary General Nicola Giammarioli share in an exciting EU Economy and Finance 15-minute interview the ins and outs of the ESM - European Stability Mechanism.If you’ve ever wondered what the ESM is all about, this episode is for you!Nicola, who is responsible for Corporate Governance...

https://www.esm.europa.eu/speeches/economics-climate-risk-sovereigns-insights-sustainable-finance-presentation-marialena Presentation by Marialena Athanasopoulou, ESM Deputy Head of Economic Risk Analysis and Miguel Angel Gavilan Rubio, ESM Economist, at Athens University of Economics and Business (AUEB) Summer School in Syros on 02 September 2025.

https://www.esm.europa.eu/articles-and-op-eds/euro-area-banks-have-transformed-underdogs-contenders Rolf Strauch, ESM Chief Economist“Euro area banks have transformed from underdogs to contenders”Op-ed in The Banker, 3 September 2025 For years, euro area banks have been seen as the laggards of global finance, overshadowed by their American peers and weighed down by low profitability and sluggish...

https://www.esm.europa.eu/press-releases/efsf-raises-eu2-billion-dual-tranche-bond-tap (Luxembourg) - The European Financial Stability Facility (EFSF) raised €2 billion today in a dual-tranche bond transaction. The combined order book for both deals amounted to €5.8 billion, excluding joint lead manager interest.The EFSF raised €1 billion in a reopening of a 2.875% bond, maturing on...