https://www.esm.europa.eu/press-releases/croatia-becomes-20th-member-esm The Republic of Croatia became the 20th Member of the European Stability Mechanism (ESM) today, with the entry into force of the ESM Treaty for that country. This follows Croatia’s adoption of the euro on 1 January 2023 and the ESM’s approval of Croatia’s application to become a member of the...

https://www.esm.europa.eu/interviews/rolf-strauch-webcast-karen-ward-jp-morgan-asset-management Webcast with Rolf Strauch, ESM Chief Economist Recorded on: 15 March 2023 On 15 March, ESM Chief Economist Rolf Strauch joined Karen Ward (Chief Market Strategist at JP Morgan Asset Management) in her Webcast “Market Watch” to discuss Europe’s recent and future economic outlook, how governments will...

https://www.esm.europa.eu/publications/discussion-papers/22/wholesale-central-bank-digital-currency-safe-way-debt-capital-market-efficiency Title: Wholesale central bank digital currency – the safe way to debt capital market efficiency Download PDF: Discussion Paper 22 Authors: Josselin Hebert (ESM), Edmund Moshammer (ESM), Herbert Barth. Abstract: In this paper we analyse the usefulness of digital currencies for wholesale financial...

https://www.esm.europa.eu/press-conferences/remarks-esm-managing-director-pierre-gramegna-eurogroup-March-2023 Remarks by ESM Managing Director Pierre Gramegna Press conference after Eurogroup meeting Brussels, 13 March 2023 Good evening. I will concentrate my intervention on two topics: the outlook and fiscal governance on the one side, and, on the other side, some brief words on the digital euro. As we...

https://www.esm.europa.eu/speeches/speech-matjaz-susec-bulgaria-towards-euro-conference Matjaž Sušec ESM Head of Strategy and Institutional Relations Panel session “Eurozone membership – opportunities and challenges” “Bulgaria towards the euro” conference Sofia, 24 February 2023 (Please check against delivery) Excellencies, Distinguished guests, It’s an honour and pleasure for me to be...

https://www.esm.europa.eu/press-releases/esm-raises-more-one-third-2023-funding-five-year-bond-sale (Luxembourg) - The European Stability Mechanism (ESM) opened its 2023 long-term funding programme by raising €3 billion with a new five-year bond on Monday. The 3%, 15 March 2028 maturity bond achieved an order book of €13.6 billion, including joint lead manager interest. The spread was fixed at mid...

https://www.esm.europa.eu/press-conferences/remarks-esm-managing-director-pierre-gramegna-eurogroup-February-2023 Remarks by ESM Managing Director Pierre Gramegna Press conference after Eurogroup meeting Brussels, 13 February 2023 Thank you, Paolo. Thank you, Paschal. I think you have covered all the points of the excellent discussions that we had today, and what comes out as the main result is the resilience...

https://www.esm.europa.eu/press-releases/efsf-approves-eighth-reduction-step-interest-margin-greece (Luxembourg) - The Board of Directors of the European Financial Stability Facility (EFSF) decided today to reduce to zero the step-up margin accrued by Greece for the period between 17 June 2022 and 31 December 2022, as part of the medium-term debt relief measures agreed for the country in 2018. The...

https://www.esm.europa.eu/pierre-gramegna-interview-ta-nea-greek-version Συνέντευξη με τον Pierre Gramegna, Διευθύνοντα Σύμβουλο του ESM Δημοσιεύθηκε στα Νέα, 28 Ιανουαρίου 2023 Συνέντευξη: Μαρία Βασιλείου Γλώσσα πρωτοτύπου: Αγγλικά Πόσο αποτελεσματικά έχει μέχρι στιγμής η Ελλάδα πλοηγηθεί σε ένα περιβάλλον πολλαπλών κρίσεων και πώς βλέπετε την ελληνική οικονομία φέτος...

https://www.esm.europa.eu/interviews/pierre-gramegna-interview-ta-nea-greece Interview with Pierre Gramegna, ESM Managing Director Published in Ta Nea (Greece), 28 January 2023 Interviewer: Maria Vasileiou Original language: English Ta Nea: How effective has Greece been so far in navigating through an environment of multi crises and how do you see the Greek economy this year...

https://www.esm.europa.eu/interviews/silke-weiss-im-interview-mit-borsen-zeitung-januar-2023 Interview mit Silke Weiss, ESM-Abteilungsleiterin für Finanzierung und Investor Relations Börsen-Zeitung Erscheinungstag: 28. Januar 2023 (ausgeführt: 25. Januar 2023) Interviewer: Kai Johannsen Originalsprache: Deutsch Börsen-Zeitung: Frau Weiss, 2022 hat es einen deutlichen Renditeanstieg an den...

https://www.esm.europa.eu/interviews/silke-weiss-interview-borsen-zeitung-january-2023 Interview with Silke Weiss, ESM Head of Funding and Investor Relations Published in Börsen-Zeitung (Germany) 28 January 2023 (conducted: 25 January 2023) Interviewer: Kai Johannsen Original language: German Börsen-Zeitung: Ms Weiss, there was a significant rise in yields on the bond markets in 2022...

https://www.esm.europa.eu/press-releases/statement-pierre-gramegna-following-meeting-greek-finance-minister-christos I am very pleased to be in Athens today and to reconnect with Minister Christos Staikouras, in my new capacity as Managing Director of the ESM. I would like to start by congratulating the Greek government, the people of Greece, and you in particular Christos, for the impressive results of your...

https://www.esm.europa.eu/press-releases/joint-statement-following-meeting-between-pierre-gramegna-and-croatian-finance Croatia's Minister of Finance, Mr Marko Primorac met today with Mr Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM). The topics of the meeting were related to the process of Croatia's accession to the ESM and the future cooperation between Croatia and the ESM. Mr Pierre...

https://www.esm.europa.eu/speeches/croatia-20th-member-euro-area-remarks-pierre-gramegna Pierre Gramegna, ESM Managing Director Remarks at panel discussion “The euro as a guarantee of resilience” International conference “Croatia, the 20th member of the euro area" Zagreb, 24 January 2023 Joining the euro area at record speed is an impressive achievement. At the same time, your second...

https://www.esm.europa.eu/press-conferences/pierre-gramegna-eurogroup-press-conference-january-2023 Remarks by ESM Managing Director Pierre Gramegna Press conference after Eurogroup meeting Brussels, 16 January 2023 Let me start by wishing all of you a happy New Year. In my country, Luxembourg, and few other countries, you can wish a happy New Year until 31 January, so I'm still very much on time...

https://www.esm.europa.eu/articles-and-op-eds/zeit-zum-handeln-neue-fiskalregeln-fur-tragfahige-schulden-und-nachhaltiges Zeit zum Handeln: neue Fiskalregeln für tragfähige Schulden und nachhaltiges Wachstum Von Nicola Giammarioli und Rolf Strauch, Vorstandsmitglieder des Europäischen Stabilitätsmechanismus Europe.Table Newsletter, 11. Januar 2023 Fiskalregeln sind in der Europäischen Währungsunion notwendig, aber...

https://www.esm.europa.eu/press-releases/efsf-raises-eu6-billion-dual-tranche-bond-sale (Luxembourg) - The European Financial Stability Facility (EFSF) raised €6 billion towards its €20 billion funding needs in 2023 with the sale of two new bond issues on Monday. The transaction was the first dual tranche issue since August 2022. The EFSF raised €2 billion in the 3-year 2.75% bond...

https://www.esm.europa.eu/articles-and-op-eds/time-act-new-fiscal-rules-debt-and-growth-sustainability “Time to act: new fiscal rules, debt and growth sustainability” By Nicola Giammarioli and Rolf Strauch, members of the Management Board of the European Stability Mechanism Europe.Table newsletter, 11 January 2023 Fiscal rules are necessary in the European Monetary Union, but unpopular. The rules are...

https://www.esm.europa.eu/interviews/pierre-gramegna-interview-welt Interview with Pierre Gramegna, ESM Managing Director WELT Published on: 21 December 2022 (conducted: 14 December 2022) Interviewer: Tobias Kaiser Original language: German WELT: Mr Gramegna, congratulations on your new role! Pierre Gramegna: Thank you very much. WELT: What role do you see for the...