https://www.esm.europa.eu/about-us/history/10-years In June 2010, the temporary EFSF was established, followed by the permanent ESM in October 2012. ESM Board of Governors Chairperson Paschal Donohoe and ESM Managing Director Klaus Regling reflect on the past decade and the future of the euro area rescue funds. Download brochure Scroll further down...

https://www.esm.europa.eu/about-us/transparency/programme-bog-bod-decisions

https://www.esm.europa.eu/about-us/transparency/esm-policies-documents

https://www.esm.europa.eu/about-us/transparency Transparency is an essential element of ESM’s governance and operations. As an international financial institution with a public mandate, the ESM has a number of measures ensuring that its stakeholders and the general public have a good understanding of its mandate and work. The ESM Board of...

https://www.esm.europa.eu/esm-governance/previous-chairpersons-esm-board-governors Jean-Claude Juncker (October 2012 – February 2013) Jean-Claude Juncker was appointed the first Chairperson of the ESM Board of Governors during its inaugural meeting on 8 October 2012. During his term, the ESM’s first programme – a stability support package for the recapitalisation of Spain’s...

https://www.esm.europa.eu/investors/esm-and-efsf/esg ESG Summary Report 2024We are happy to announce that the ESM has published the 2024 ESG Summary Report. In its third edition, the report highlights the ESG activities at the ESM and consolidates the importance of climate change related objectives to strengthen our mission to ensure financial...

https://www.esm.europa.eu/content/all-relevant-documents-related-european-union-response-coronavirus-crisis Relevant documents related to Europe’s response to the coronavirus crisis 15 May 2020 Board of Governors annotated agenda Response Plan detailing the direct and indirect costs for healthcare, cure and prevention related to Covid-19 Crisis, to be financed by the Pandemic Crisis Support Draft proposal...

https://www.esm.europa.eu/procurement/awarded-contracts/provision-support-and-implementation-services-esm-servicenow-it-05-sn-ryh-19 Contract notice number in the Official Journal of the European Union: 2019/S 071-166812 Publication date: 10 April 2019 Main CPV code: 72000000 Type of contract: Services Short description: In 2015 the ESM selected ServiceNow as Software as a Service (“SaaS”) for the ESM IT Service and FM Management...

https://www.esm.europa.eu/content/klaus-regling-visits-greece-march-2020 Managing Director Klaus Regling visits Athens. Meetings started on Friday, 6 March 2020, when he met Deputy Finance Minister Giorgios Zavvos. Klaus Regling also met Prime Minister Kyriakos Mitsotakis on 7 March, and Finance Minister Christos Staikouras and Bank of Greece Governor Yannis Stournaras...

https://www.esm.europa.eu/content/international-women%E2%80%99s-day-and-esm

https://www.esm.europa.eu/content/safety-measures-relation-coronavirus-covid-19 External visits to ESM office and staff presence (Updated 25/11/2020) The European Stability Mechanism has put in place a wide range of precautionary measures, aligned with the directives of the Luxembourg authorities. Protecting the health of our staff and the wider ESM community remains our top...

https://www.esm.europa.eu/content/jean-claude-juncker-visits-esm On 24 February 2020, upon invitation of ESM Managing Director Klaus Regling, Jean-Claude Juncker visited the ESM’s headquarters in Luxembourg. Mr Juncker is also the former Prime Minister of the Grand Duchy of Luxembourg and the former President of the European Commission. Mr Juncker was the...

https://www.esm.europa.eu/content/adjustment-esm-capital-contribution-keys-due-end-temporary-correction-period-malta The ESM has adjusted the capital contribution keys for 15 of its Members, following the end of the temporary correction period for Malta. In line with Article 42 of the ESM Treaty, ESM Members whose GDP per capita is less than 75% of the EU average benefit from a temporary correction of the capital...

https://www.esm.europa.eu/about-esm/european-stability-mechanism-guideline-backstop-facility-srb-srf DRAFT GUIDELINE ON THE BACKSTOP FACILITY TO THE SRB FOR THE SRF This document sets out a new guideline which elaborates the agreements on the design of a new ESM financial instrument, namely the common backstop instrument, which the ESM will provide to the Single Resolution Board (the “SRB”) for the...

https://www.esm.europa.eu/about-esm/european-stability-mechanism-esm-pricing-guideline DRAFT PRICING GUIDELINE This document sets out an update to the existing pricing guideline for financial assistance, which incorporates the agreed pricing elements for the common backstop loans and the precautionary credit lines. 06/12/2019 Pricing Guideline

https://www.esm.europa.eu/about-esm/european-stability-mechanism-guideline-precautionary-financial-assistance DRAFT GUIDELINE ON PRECAUTIONARY FINANCIAL ASSISTANCE This document sets out an update to the existing guideline for precautionary financial assistance, which further elaborates the detailed agreements on making the precautionary credit lines more efficient, to be adopted by the Board of Directors...

https://www.esm.europa.eu/about-esm/resolution-regarding-annulment-instrument-direct-recapitalisation-institutions DRAFT BOARD OF GOVERNORS RESOLUTION FOR ANNULMENT OF THE DIRECT RECAPITALISATION INSTRUMENT This document sets out the decisions of the Board of Governors, to be adopted by mutual agreement, relating to the annulment of the direct recapitalisation instrument. 06/12/2019 BoG resolution on the...

https://www.esm.europa.eu/about-esm/draft-resolution-granting-backstop-facility-and-determining-key-financial-terms DRAFT BOARD OF GOVERNORS RESOLUTION TO GRANT THE BACKSTOP FACILITY This document sets out the decisions of the Board of Governors, to be adopted by mutual agreement, granting the actual backstop facility. This resolution also contains the most important financial conditions for the backstop. The...

https://www.esm.europa.eu/about-esm/draft-resolution-nominal-cap-and-provisions-procedure-verification-compliance-condition DRAFT BOARD OF GOVERNORS RESOLUTION FOR THE NOMINAL CAP AND THE PROVISIONS ON THE PROCEDURE FOR THE VERIFICATION OF COMPLIANCE WITH THE CONDITION OF THE PERMANENCE OF THE LEGAL FRAMEWORK FOR BANK RESOLUTION This document sets out the decisions of the Board of Governors, to be adopted by mutual...

https://www.esm.europa.eu/about-us/esm-reform-documents DISCLAIMER: these draft documents are part of the ESM reform package. The ESM reform was agreed in principle at the Eurogroup meeting of 4 December 2019, subject to the conclusion of national procedures. On 30 November 2020, the Eurogroup agreed to proceed with the reform of the ESM and the Amending...