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Paschal Donohoe visits the ESM
On 10 December 2020, Paschal Donohoe visited the ESM’s headquarters in Luxembourg.

Mr Donohoe is the Chairperson of the ESM Board of Governors, the institution’s highest decision-making body representing the finance ministers of all the euro area countries. He is also President of the Eurogroup and Minister of Finance of Ireland. This was his first visit to the ESM after being appointed Chairperson.

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2019 ESM Annual Report
Rolf Strauch at 22nd Annual Capital Link Forum
How EU and euro area institutions have responded to the pandemic crisis - speech by Rolf Strauch
Rolf Strauch, ESM Chief Economist “How EU and euro area institutions have responded to the pandemic crisis” Speech at First Eurasian Congress
Will globalisation survive Covid-19 - speech by Klaus Regling
Klaus Regling, ESM Managing Director Panel discussion “Will globalisation survive Covid-19”
A backstop to the Single Resolution Fund now!
Banks are in a better position than during the euro crisis…

Banks were better prepared for a downturn. Policymakers and banking supervisors learned from the past crisis, tightened up the regulatory toolkit and set the right system of rules and incentives to make banks develop their risk management capabilities and decrease their risks. Banks have been increasing their capital cushions; levels are, on average, higher than ever (Figure 1).

ESM Reform
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ESM 3 month bill auction results

The result of the auction of 1 December 2020 for the 3-months Bills of the ESM was as follows:

Total Bids €10,011.00mn
Competitive bids €2,777.00mn
Non-competitive bids €7,234.00mn
Allotment / Issue volume €1,499.74mn

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Klaus Regling at Asia-Europe Cooperation Dialogue 2020