https://www.esm.europa.eu/press-releases/efsf-statement-following-fitch-ratings-decision-downgrade-its-long-term-rating (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 AA- from AA. At the same time, Fitch affirmed the EFSF's short term rating is unchanged at the highest possible level of F1+. The...

https://www.esm.europa.eu/interviews/transcript-bloomberg-tv-interview-kalin-anev-janse Transcript of interview with Kalin Anev Janse, ESM Chief Financial Officer Bloomberg TV 3 May 2023 Interviewers: Alix Steel and Guy Johnson Bloomberg TV: Are we going to be able to get a deal on fiscal rules? And I ask that because if we are confronted with a slowdown, how is there going to be some...

https://www.esm.europa.eu/press-conferences/pierre-gramegna-eurogroup-press-conference-april-2023 Remarks by ESM Managing Director Pierre Gramegna Press conference after Eurogroup meeting Stockholm, 28 April 2023 I'd like to join those on stage here to thank the Swedish government and in particular the Minister of Finance for the warm welcome here in Sweden. I'm going to speak about two topics...

https://www.esm.europa.eu/articles-and-op-eds/reform-eu-fiscal-rules-time-essence-article-pierre-gramegna Pierre Gramegna, ESM Managing Director “The reform of the EU fiscal rules: time is of the essence” Eurofi Magazine, April 2023 Eurofi Financial Forum, Stockholm Over the past 15 years, the euro area has been confronted with several crises. Unwavering determination, new tools, institutional reforms...

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https://www.esm.europa.eu/videos-and-photos/nicola-giammarioli-suerf-baffi-bocconi-event Nicola Giammarioli spoke in a panel to discuss LSE Professor Iain Begg's recent book "Completing a Genuine Economic and Monetary Union" with Jean-Pierre Vidal, Chief Economic Advisor to European Council President Charles Michel at Council of the European Union; Isabel Vansteenkiste, Director General...

https://www.esm.europa.eu/press-releases/efsf-achieves-50-2023-funding-after-eu4-billion-bond-sale (Luxembourg) - The European Financial Stability Facility (EFSF) raised €4 billion with the sale of a new bond on Monday, which ensured that 50% of its annual long-term funding target of €20 billion has been satisfied just two weeks into the second quarter of 2023. The EFSF sold a new 5-year 3.0%...

https://www.esm.europa.eu/interviews/transcript-cnbc-interview-pierre-gramegna Transcript of CNBC interview with ESM Managing Director Pierre Gramegna Interviewer: Joumanna Bercetche 14 April 2023 CNBC: Joining me right now is Pierre Gramegna, the Managing Director of the ESM and a man who's very well positioned to talk all things related to the European economy and some of...

https://www.esm.europa.eu/speeches/euro-areas-resilience-and-risks-presentation-rolf-strauch Euro area's resilience and risks by ESM Chief Economist Rolf Strauch Bank of America Small Talks Symposium, 13 April 2023 ESM Chief Economist Rolf Strauch and Principal Economist Gergely Hudecz joined the Small Talks Symposium organised by Bank of America to present the economic outlook and policies...

https://www.esm.europa.eu/interviews/pierre-gramegna-interview-jiji-press-japan Excerpts from interview with ESM Managing Director Pierre Gramegna Jiji Press (Japan) 29 March 2023 Interviewer: Nobu Sunaga On Japan's investment in the ESM: We have seen on capital markets more interest from Asian investors in general, as interest rates are higher. That obviously means the yield...

https://www.esm.europa.eu/videos-and-photos/rolf-strauch-event-meeteu-community Rolf Strauch, Chief Economist at ESM, at event with the MeetEU community. They discussed the work of the ESM, its organisational set up as well as current tensions and challenges in the international financial sector.

https://www.esm.europa.eu/speeches/resilience-through-solidarity-europe-speech-pierre-gramegna Pierre Gramegna, ESM Managing Director “Resilience through solidarity in Europe” Keynote speech at Nomura Central Bank Seminar Kyoto, Japan, 28 March 2023 (Please check against delivery) Good afternoon. I am greatly honoured to speak to this distinguished audience here in Kyoto, the historic and...

https://www.esm.europa.eu/global-efforts-fight-consequences-climate-change-role-regional-financing-arrangements Title: Global efforts to fight the consequences of climate change: the role of Regional Financing Arrangements Download PDF: Discussion Paper 21 Authors: Graciela Schiliuk, Dominika Miernik, Jens Lapointe-Rohde (ESM); Habib Attia (AMF); Aziz Durrani, Marthe Memoracion Hinojales, Faith Qiying Pang...

https://www.esm.europa.eu/videos-and-photos/timeline-croatia-joining-esm Croatia is the third country to join the initial 17 ESM Members, following Latvia in 2014 and Lithuania in 2015. It will be represented in the ESM Board of Governors, the institution’s highest decision-making body, and in the Board of Directors, responsible for specific tasks mandated to it through...

https://www.esm.europa.eu/videos-and-photos/croatia-joins-esm After joining the euro area on 1 January 2023, Croatia became the 20th Member of the ESM on 22 March 2023. On this date, the ESM Treaty entered into force for the new ESM Member.

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...