https://www.esm.europa.eu/publications/annual-report-2018/mission-statement The ESM’s mission is to enable the countries of the euro area to avoid and overcome financial crises and to maintain long-term financial stability and prosperity. As part of the ESM’s continued maturing process, the ESM, led by its extended leadership team, updated its mission statement in early...

https://www.esm.europa.eu/publications/annual-report-2018/macroeconomic-and-financial-environment The euro area economy continued to grow in 2018, albeit at a slower pace than in 2017, in line with the maturing global economic cycle. Global growth deceleration is reflected in the slowdown of both advanced economies and emerging markets. Still, the euro area economy is supported by improvements...

https://www.esm.europa.eu/publications/annual-report-2018/international-role-euro “More action is needed to strengthen the international role of the euro. There are short-term measures we can take, but nothing replaces the credibility boost that completing our Economic and Monetary Union would produce. This would support our economies, protect our social model and make Europe’s...

https://www.esm.europa.eu/publications/annual-report-2018/year-review 8 February 2018 ESM BoD approves Spanish request to make two voluntary early repayments towards its ESM loan, totalling €5 billion. 8 February 2018 EFSF BoD elects Austrian Harald Waiglein as new Chairperson. 8 February 2018 22 March 2018 Following the third review of its programme, the BoG approves...

https://www.esm.europa.eu/publications/annual-report-2018/message-managing-director Message from the Managing Director The ESM reached two milestones in 2018: Greece exited its ESM programme successfully in August after more than eight years under financial assistance, and the Euro ­Summit decided in December on a package of measures to deepen Economic and ­Monetary Union (EMU)...

https://www.esm.europa.eu/publications/annual-report-2018/esm-glance The European Stability Mechanism (ESM) is a crisis resolution mechanism established by the euro area countries. Since its inauguration in October 2012, the Luxembourg-­based ESM has provided financial assistance to ESM ­Members experiencing or threatened by severe financing problems to safeguard the...

https://www.esm.europa.eu/publications/annual-report-2018

https://www.esm.europa.eu/content/adjustment-esm-capital-contribution-keys Adjustment of ESM capital contribution keys (due to the end of the temporary correction period for Slovenia) The ESM has adjusted the capital contribution keys for 14 of its Members, following the end of the temporary correction period for Slovenia. In line with Article 42 of the ESM Treaty, ESM...

https://www.esm.europa.eu/procurement/awarded-contracts/provision-consultancy-services-facilities-management-reference-number-fm-08-cs-mc-18 Contract notice number in the Official Journal of the European Union: 2019/S 001-000001 Publication date: 02 January 2019 Main CPV code: 79993100 Type of contract: Services Short description: Where expert knowledge on complex facilities management (FM) topics is required, or during periods of high...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-bond-interest-facility Bond Interest facility Principal Payment Date Principal payment amount (€) 28/08/2023 324,214,951.37 28/08/2024 324,214,951.37 28/08/2025 324,214,951.37 28/08/2026 324,214,951.37 28/08/2027 324,214,951.37 28/08/2028 324,214,951.37 28/08/2029 324,214,951.37 28/08/2030 324,214,951.37 28/08/2031 324...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-psi-lm PSI Liability Management facility Principal Payment Date Principal payment amount (€) 24/02/2023 1,484,450,422 24/02/2024 1,484,450,422 24/02/2025 1,484,450,422 24/02/2026 1,484,450,422 24/02/2027 1,484,450,422 24/02/2028 1,484,450,422 24/02/2029 1,484,450,422 24/02/2030 1,484,450,422 24/02/2031 1...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-debt-buy-back Debt buy-back instalment Principal Payment Date Principal payment amount (€) 17/06/2043 1,681,300,836.00 17/06/2044 1,731,739,861.00 17/06/2045 1,783,692,057.00 17/06/2046 1,837,202,818.00 17/06/2047 1,892,318,903.00 17/06/2048 1,949,088,470.00 17/06/2049 414,452,983.59 Total 11,289,795,928.59

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-tranche-f Tranche F Principal Payment Date Principal payment amount (€) 19/12/2051 309,824,376 19/12/2052 319,119,107 19/12/2053 328,692,680 19/12/2054 338,553,461 19/12/2055 348,710,064 19/12/2056 359,171,366 19/12/2057 369,946,507 19/12/2058 381,044,903 19/12/2059 392,476,250 19/12/2060 404,250,537 19/12...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-tranche-e Tranche E Principal Payment Date Principal payment amount (€) 19/04/2051 589,943,397 19/04/2052 607,641,699 19/04/2053 625,870,950 19/04/2054 644,647,078 19/04/2055 663,986,491 19/04/2056 683,906,085 19/04/2057 704,423,268 19/04/2058 725,555,966 19/04/2059 747,322,645 19/04/2060 769,742,324 19/04...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-tranche-d Tranche D Principal Payment Date Principal payment amount (€) 19/12/2049 103,137,334 19/12/2050 133,867,961 19/12/2051 137,884,000 19/12/2052 142,020,520 19/12/2053 146,281,135 19/12/2054 150,669,569 19/12/2055 155,189,656 19/12/2056 159,845,346 19/12/2057 164,640,706 19/12/2058 169,579,928 19/12...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-tranche-c Tranche C Principal Payment Date Principal payment amount (€) 19/04/2049 239,345,595 19/04/2050 310,660,605 19/04/2051 319,980,423 19/04/2052 329,579,836 19/04/2053 339,467,231 19/04/2054 349,651,248 19/04/2055 360,140,785 19/04/2056 370,945,009 19/04/2057 382,073,359 19/04/2058 393,535,560 19/04...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-tranche-b Tranche B repayment schedule Principal payment date Principal payment amount (€) 15/11/2049 638,394,459 15/11/2050 828,609,397 15/11/2051 853,467,679 15/11/2052 879,071,709 15/11/2053 905,443,860 15/11/2054 932,607,176 15/11/2055 960,585,391 15/11/2056 989,402,953 15/11/2057 1,019,085,042 15/11/2058...

https://www.esm.europa.eu/disbursements/greece/repayment-schedule-efsf-tranche-a Tranche A Principal Payment Date Principal payment amount (€) 15/05/2049 612,230,752 15/05/2050 794,649,995 15/05/2051 818,489,495 15/05/2052 843,044,180 15/05/2053 868,335,505 15/05/2054 894,385,571 15/05/2055 921,217,138 15/05/2056 948,853,652 15/05/2057 977,319,261 15/05/2058 1,006,638,839 15/05...

https://www.esm.europa.eu/publications/safeguarding-euro/epilogue The ESM produced this book as part of its mission to protect the euro. It is intended both to commemorate the currency union’s endurance, and to ensure that the lessons of recent history are not forgotten. Drawing on the experience of the EFSF, the permanent rescue fund was created by Europe’s...

https://www.esm.europa.eu/publications/safeguarding-euro/esm-taking-new-tasks Euro area countries forged a new shield for monetary union over the course of 2018, making the most of a period of reflection on how to deepen and strengthen their ties. Work that began in 2015 with the EU’s ‘Five Presidents’ report’[1] progressed through a series of proposals that culminated in an...