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Let me explain why I think a stronger role for the euro is not only good for Europe, but also for the wider world, and what’s needed to make it a reality.
Luxembourg – The European Stability Mechanism (ESM) on Monday raised €3 billion by issuing a new 3-year bond, as it opened its 2020 long-term funding.
“The current market environment with a flat curve in swap spreads makes the front end attractive for investors. Bank treasuries as well as asset managers and the public sector outside the euro area used the opportunity to buy at the short end, which was undersupplied so far this year. It was the first 3-year ESM bond since 2018,” said Siegfried Ruhl, ESM Head of Funding and Investor Relations.
Published in L’Agefi Quotidien (France)
Interviewer: Fabrice Anselmi
10 February 2020
On the expanding internationalisation of demand for ESM bonds:
Prior to joining the ESM, Mr Hansen was associate professor in economics and director at the Pension Research Centre (PeRCent) at Copenhagen Business School. Before that, he pursued his career at the Danish central bank. In his last position there, he was Head of Economics and Monetary Policy. He had also worked in areas such as government debt management, economic modeling and analysis, statistics, forecasting, and monetary policy analysis.