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"Global European banks and dollar (co-)dependence: how housing markets became internationally synchronized"
Transcript of interview with ESM Managing Director Klaus Regling
CNBC Squawk Box in Davos, Switzerland
22 January 2020
Interviewer: Joumanna Bercetche
CNBC Squawk Box in Davos, Switzerland
22 January 2020
Interviewer: Joumanna Bercetche
(On the need for fiscal stimulus in Europe)
Transcript of remarks by ESM Managing Director Klaus Regling
Press conference after Eurogroup meeting
20 January 2020
Press conference after Eurogroup meeting
20 January 2020
"Expected issuance fees and market liquidity"
Synopsis:
The ESM has adjusted the capital contribution keys for 15 of its Members, following the end of the temporary correction period for Malta.
In line with Article 42 of the ESM Treaty, ESM Members whose GDP per capita is less than 75% of the EU average benefit from a temporary correction of the capital contribution key for a period of 12 years after the date of its adoption of the euro. Apart from Malta, this correction was applied for Slovenia, Slovakia, Estonia, Latvia and Lithuania. The temporary correction for Slovenia ended in January 2019.
In line with Article 42 of the ESM Treaty, ESM Members whose GDP per capita is less than 75% of the EU average benefit from a temporary correction of the capital contribution key for a period of 12 years after the date of its adoption of the euro. Apart from Malta, this correction was applied for Slovenia, Slovakia, Estonia, Latvia and Lithuania. The temporary correction for Slovenia ended in January 2019.
The European Stability Mechanism (ESM) has appointed Paolo Fioretti as country team coordinator (mission chief) for Greece, replacing Nicola Giammarioli, who had led the team since 2015.
“I am delighted that Paolo Fioretti will lead the Greek team”, ESM Managing Director Klaus Regling said. “With his knowledge of the region and the financial sector and his experience in working closely together with our partner institutions, the European Commission, the European Central Bank and the International Monetary Fund, he is ideally prepared to take over this important task.”