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Transcript of interview with Kalin Anev Janse, ESM Secretary General
NOS Radio 1 News (Netherlands)
6 August 2018
Interviewer: Jurgen van den Berg
The ESM Board of Directors endorsed in principle on 13 July 2018 the disbursement of the fifth and final loan tranche of the ESM programme, amounting to €15 billion, and concluded their approval of the tranche on 1 August. Out of this total amount, €5.5 billion was disbursed to a segregated account to be used for debt servicing and €9.5 billion was disbursed to a dedicated account for building up a cash buffer.
Luxembourg – Today the European Stability Mechanism (ESM) disbursed the fifth and final tranche of ESM financial assistance for Greece, amounting to €15 billion. €9.5 billion of the tranche will be used for building up Greece’s cash buffer and €5.5 billion will be used for debt service. After the disbursement, the cash buffer will reach around €24 billion. That sum would cover around 22 months of Greece’s financing needs after the end of the programme on 20 August.
The European Stability Mechanism (ESM) raised €4 billion in a benchmark bond deal on Tuesday, its first new five-year euro-denominated bond since October 2015.
“The large order book shows there is strong appetite among investors for the short end of the curve, now that yields are rising. It enabled the ESM to issue a five-year euro-denominated bond with a positive yield for the first time since 2015, the year the ECB started its quantitative easing programme,” said Kalin Anev Janse, Secretary General of the ESM.
„Europa – quo vadis? Die Rolle des ESM“
Podiumsdiskussion Wirtschaftsbeirat Bayern gemeinsam mit der Vertretung der Europäischen Kommission in München
München, 23. Juli 2018
Sehr geehrte Frau Wolf,
sehr geehrter Herr Menze,
sehr geehrter Prof. Zeitler,
meine Damen und Herren,