Annual reports
ESM
Download PDF: ESM Annual Report 2017
The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2017. Additionally, it contains an external auditor's report and a report of the Board of Auditors.
Excerpt of the Message from the Managing Director
"As a permanent institution, the ESM makes the monetary union more robust, and enhances the resilience of its economy. These are not abstract concepts: it means fewer job losses, and less economic damage when the next crisis hits."
- Klaus Regling