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The 2nd Joint Regional Financing Arrangement (RFA) Research Seminar will take place in Cartagena de Indias, Colombia. The seminar is an annual event that brings together scholars and institutions to discuss global and regional financial stability. It is jointly organized by ASEAN+3 Macroeconomic Research Office (AMRO), the European Stability Mechanism (ESM), and the Latin American Reserve Fund (FLAR).
ESM Chief Economist Rolf Strauch will participate in the ADEMU conference ADEMU in the State of the Union, co-organised by the European University Institute. During the panel “It’s Time to Get the House in Order! How to Strengthen the Current EMU?”, Mr Strauch will talk about the role of the ESM in deepening EMU.
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The new political environment in continental Europe which emerged after Brexit, following the presidential election in France and thanks to the improved economic climate, has created a momentum for the European Union to implement reforms. The main concern is still the euro area which has to become more resilient, capable to resist any external asymmetric shock and to stave off the existential threat which still hovers over the European currency.
Luxembourg – The European Financial Stability Facility (EFSF) today conducted a tap of its 0.1% 5-year bond maturing on 19 January 2021 through an auction. The deal raised €999.90 million, bringing the total size of the bond to €3,999.90 million (nearly €4 billion).
“Today’s auction was very well received, allowing the EFSF to tap the 2021 bond by €1 billion. This transaction completes the EFSF’s funding needs for the first quarter of 2018 and supports liquidity in the secondary market,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.