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2019 year in review

Joaquín Almunia, a former European Commission Vice President, is appointed High-Level Independent Evaluator of financial assistance to Greece

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ESM adjusts capital contribution keys for 14 Members following end of temporary correction period for Slovenia

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EFSF BoD approves reimbursement and reduction of step-up interest margin for Greece as part of medium-term debt relief measures agreed in November 2018

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ESM co-organises with the Latin American Reserve Fund and the Association of Southeast Asian Nations (ASEAN) +3 Macroeconomic Research Office the 3rd Regional Financing Arrangements Research Seminar, in Luxembourg

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ESM publishes Safeguarding the euro in times of crisis: the inside story of the ESM recounting the rescue funds’ history against the backdrop of the European sovereign debt crisis

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ESM co-organises with the Spanish Ministry of Economy a seminar on the role of the ESM in euro area financial stability

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EFSF BoD approves a Portuguese request to make an early €2 billion repayment on its EFSF loans

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ESM management structure reorganisation takes effect

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ESM launches interactive public programme database with data on EFSF and ESM financial assistance programmes

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ESM raises €3.5 billion by issuing a new 5-year bond, the first under Luxembourg law

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EFSF and ESM BoDs agree to waive mandatory repayment obligation of ESM/EFSF loans in connection with a partial early repayment by Greece to the International Monetary Fund (IMF)

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ESM commits to eliminating single-use plastics at the institution by end 2020, signing up to the Zero Single-Use Plastic Manifesto

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Eurogroup agrees in principle on the ESM reform, subject to the conclusion of national procedures

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Following a year of preparations, ESM approves the ESM signing the United Nations Principles for Responsible Investment. The signing took place in February 2020

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