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The ESM reopened the April 2021 Bill by an amount of €2.6mn, taking to the total outstanding to €1.0bn
ESM’s role in the European response
On 9 April 2020, the euro area finance ministers (Eurogroup) decided on a Report on the comprehensive economic policy response to the COVID-19 pandemic. In paragraph 16 of the report, it is proposed that the ESM provides Pandemic Crisis Support based on the existing ECCL precautionary credit line. The Explainer below answers questions in this context.
Explainer
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Transcript of remarks by ESM Managing Director Klaus Regling
Video press conference after Eurogroup meeting
9 April 2020
Video press conference after Eurogroup meeting
9 April 2020
The coronavirus pandemic is a global shock hitting all European economies. Europe is facing the worst health crisis since the Spanish flu a century ago. As a result, Europe’s economies will suffer much more damage than initially expected. This requires a concerted and well-coordinated policy response, at both the national and the European level, to limit economic damage, to preserve financial stability and to prepare for the economic recovery once the health crisis is under control.
March 2020 Investor Relations Newsletter
The ESM/EFSF Investor Newsletter is a quarterly publication that provides investors with updates on ESM/EFSF funding activities.
Subscribe to the ESM/EFSF Investor Newsletter
Full transcript of the Financial Times interview with ESM Managing Director Klaus Regling
Interview conducted on 30 March, published on 31 March 2020
Interviewer: Sam Fleming
Interview conducted on 30 March, published on 31 March 2020
Interviewer: Sam Fleming
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Transcript of remarks by ESM Managing Director Klaus Regling
Video press conference after Eurogroup meeting
24 March 2020
Video press conference after Eurogroup meeting
24 March 2020