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Het is een onwaarschijnlijke winnaar van de coronacrisis: de euro. De gemeenschappelijke Europese munt heeft de grootste recessie sinds de Tweede Wereldoorlog niet alleen overleefd, maar lijkt er ook sterker uit te komen.

The unexpected winner from the corona crisis is: the euro. The common European currency has not only survived the biggest recession since the Second World War, but also seems to be emerging from it stronger.

CNBC: In terms of what has changed, the new, improved ESM II, what have we got?

Today EFSF, the European Financial Stability Facility, rated Aa1 (Moody’s) / AA (Fitch) / AA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction scheduled for the week of 01st February 2021, subject to market conditions.

Members of the European Stability Mechanism (ESM), represented by their Ambassadors to the EU, signed today in Brussels the Agreement Amending the Treaty Establishing the ESM.[1] The Agreement provides a legal basis for a set of new tasks assigned to the ESM. The reformed Treaty will come into force when ratified by the parliaments of all 19 ESM Members.

ESM Managing Director Klaus Regling will speak at Berenberg Webinar: Fiscal integration and financial assistance in Europe – the ESM experience 

This is part of a series of webinars organised by Berenberg called “After Covid – a stronger Europe?” which examine the future interplay of monetary and fiscal policy and structural reforms in Europe.