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By Rolf Strauch, ESM Chief Economist
Published in Eurofi Views Magazine, February 2022
The ESM cooperates with a wide range of institutions at global, regional, and national level. Cooperation with counterparts is paramount for delivering on the ESM’s mandate, especially when extending financial assistance to members. Additionally, other elements of ESM’s activities also benefit from collaborative actions. Interinstitutional cooperation supports the development of the ESM’s analytical capabilities and policies.
(Luxembourg) - The Board of Directors of the European Financial Stability Facility (EFSF) decided today to reduce to zero the step-up margin accrued by Greece for the period between 17 June 2021 and 1 January 2022, as part of the medium-term debt relief measures agreed for the country in 2018. The value of this sixth successive reduction amounts to €122.5 million.
The EFSF raises €2.5bn in a new January 2053 bond, its first issuance of 2022 done in a dual tranche.