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Euronomics: The building blocks of recovery
The suffering and lives lost as a result of the Covid-19 pandemic have taken a heavy toll on humanity, and stopping it is the most urgent concern. The economic damage is also unprecedented in the European Union. Production has fallen by around a quarter and a more severe recession than the 2008 crisis is on the horizon: the European Commission’s spring forecast points to a 7.7% decline in euro area GDP this year.
RFAs’ Financial Structures and Lending Capacities: a statutory, accounting and credit rating perspective
Download PDF: Working Paper 44

 

This paper presents the diverse financial structures of Regional Financing Arrangements (RFAs) and analyses the impact of financial structures on RFAs’ lending capacity
 

Authors: Gong Cheng (ESM), Rudolf Alvise Lennkh (Scope Ratings)

 

Abstract:

Statement by Klaus Regling on Franco-German proposal of 18 May 2020
The ESM strongly supports the Franco-German proposal as part of a convincing response to the Covid-19 crisis  

“I very much welcome the Franco-German proposal of a €500 billion recovery fund. It would support a sustainable recovery from the coronavirus crisis in Europe”, Klaus Regling, Managing Director of the European Stability Mechanism (ESM) said.

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Klaus Regling in interview with CNBC
.video-responsive{ overflow:hidden; padding-bottom:56.25%; position:relative; height:0; margin-bottom: 25px; } .video-responsive iframe{ left:0; top:0; height:100%; width:100%; position:absolute; } Transcript of interview with ESM Managing Director Klaus Regling
CNBC Squawk Box, 18 May 2020
Interviewers: Geoff Cutmore, Steve Sedgwick and Karen Tso

 
 

Klaus Regling at Eurogroup video press conference
.video-responsive{ overflow:hidden; padding-bottom:56.25%; position:relative; height:0; margin-bottom: 25px; } .video-responsive iframe{ left:0; top:0; height:100%; width:100%; position:absolute; }   Transcript of remarks by ESM Man
ESM Board of Governors backs Pandemic Crisis Support

(Luxembourg) - The Board of Governors of the European Stability Mechanism (ESM) approved today the establishment of Pandemic Crisis Support, to be made available to all ESM Members. The features and terms of the facility were agreed by the Eurogroup on 8 May 2020. The facility is based on the existing precautionary credit line called Enhanced Conditions Credit Line (ECCL).

ESM Board of Governors discuss Pandemic Crisis Support
Klaus Regling at Eurogroup Video Conference
Watch the press conference live stream.
ESM hosts a Global Investor Call

The ESM hosted a Global Investor Call to give an update on the role of the ESM in the context of Europe’s response to the corona virus. The call was arranged by the ESM with the assistance of Deutche Bank, Société Générale and UniCredit.

Please find the link to the transcript of the call