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Transcript of remarks by ESM Managing Director Klaus Regling
Press conference after Eurogroup meeting, Brussels, 24 May 2018
"Sovereign Defaults in Court"
For centuries, defaulting governments were immune from legal action by foreign creditors. This paper shows that this is no longer the case. Building a dataset covering four decades, we find that creditor lawsuits have become an increasingly common feature of sovereign debt markets. The legal developments have strengthened the hands of creditors and raised the cost of default for debtors.
The Managing Director of the European Stability Mechanism, Klaus Regling, and the Minister of Economy, Industry and Competitiveness of Spain, Roman Escolano, held a meeting today in Madrid on the sidelines of a conference about the future of the EMU in which they both spoke. The deepening of the European Monetary Union to help strengthen the euro is a goal to which both Klaus Regling and Roman Escolano attach capital importance.
Interview with Klaus Regling, ESM Managing Director
Published in Cinco Días (Spain), 24 May 2018
Interview conducted on 23 May 2018
Interviewer: Nuno Rodrigo Palacios
Published in Cinco Días (Spain), 24 May 2018
Interview conducted on 23 May 2018
Interviewer: Nuno Rodrigo Palacios
Cinco Dias: Are you worried about Italy? It’s the first time that openly eurosceptic parties rule in one of the big Eurozone countries.
Klaus Regling, Managing Director ESM
“The ESM in a deepening EMU”
Bank of Spain High-Level Seminar
23 May 2018
“The ESM in a deepening EMU”
Bank of Spain High-Level Seminar
23 May 2018
The mission of Institutions to Athens has concluded.
A staff-level agreement has been reached on a package of reforms required for the successful completion of the 4th review of the European Stability Mechanism programme. This agreement will be presented to the Eurogroup of 24 May 2018.
The Greek authorities aim to implement these measures as swiftly as possible in advance of the Eurogroup of 21 June 2018. To this end, intensive exchanges between the Institutions and the Greek authorities will continue in the coming weeks.
A staff-level agreement has been reached on a package of reforms required for the successful completion of the 4th review of the European Stability Mechanism programme. This agreement will be presented to the Eurogroup of 24 May 2018.
The Greek authorities aim to implement these measures as swiftly as possible in advance of the Eurogroup of 21 June 2018. To this end, intensive exchanges between the Institutions and the Greek authorities will continue in the coming weeks.
Working together across regions to strengthen
macroeconomic stability and prosperity
macroeconomic stability and prosperity
Interview with Kalin Anev Janse, ESM Secretary General
Published in Verslo zinios (Lithuania) on 18 May 2018
Interviewer: Dalius Simenas
Verslo zinios: Greece is the last euro zone member state to pull out of the bail-out programme this summer and tap the markets again. What will the European Stability Mechanism focus on when there are no patients of Europe anymore?
ESM Managing Director Klaus Regling will participate in the High Level Seminar on "Strengthening the economic governance of the euro: short term priorities and the long-term view", organised by Banco de España on 23 May.
A first panel on Short-term challenges towards a complete EMU will discuss the reform agenda that is feasible to pursue in the current European parliamentary cycle (until 2019).
A first panel on Short-term challenges towards a complete EMU will discuss the reform agenda that is feasible to pursue in the current European parliamentary cycle (until 2019).