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Interview with Klaus Regling, ESM Managing Director
Published in Público (Portugal), 13 June 2018
Interviewer: Sérgio Anselmo Aníbal
Are you confident that European leaders can reach a meaningful agreement on euro area reform at the summit at the end of this month?
“Greece and the euro area adjustment programmes”
Hellenic Bank Association
Athens, 12 June 2018
(Please check against delivery)
Ladies and gentlemen,
Luxembourg – The European Stability Mechanism (ESM) on Tuesday raised €1.5 billion by tapping a 10-year bond, only its second syndicated deal of the year, allowing it to complete its financing needs for the second quarter.
“Today’s strong order book shows that trust in the stability of the euro area is unbroken and that investors can see well past the recent market volatility. This helped the ESM close its second consecutive successful deal this year,” Siegfried Ruhl, ESM Head of Funding and Investor Relations said.
Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) today authorised the release of €1 billion to Greece for the clearance of arrears. This is the remaining amount of the fourth tranche of ESM financial assistance, approved on 27 March 2018. It will be disbursed to a dedicated account for further clearing arrears.