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Luxembourg - The European Financial Stability Facility on Wednesday raised €3 billion in a new 10-year bond, leaving just €1 billion in funding needs for the remainder of the quarter.
“Today’s deal was a very successful step towards completing the EFSF’s first-quarter funding needs. Order books were strong despite the market turmoil this week, enabling us to price the deal at a level benefiting current and former programme countries,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.
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Interview with Klaus Regling, ESM Managing Director
Published in Kathimerini (Greece), 28 January 2018
Interviewer: Eleni Varvitsioti
Kathimerini: We often hear that Greece will have enhanced surveillance after the end of the programme, unlike the other programme countries like Portugal, Ireland, etc. What would be best for the markets: to have more surveillance than the other countries or would they prefer to see Greece without surveillance?
While the world economy seems to be on a sustainable growth path, inflationary pressure remains weak, and interest rates are quite lower than the previous boom periods. Prominent panelists from Japan and abroad will broadly discuss on, what the changes were in the past decade, what their backgrounds were, and how it will change in the coming 10 years.
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The European Financial Stability Facility (EFSF) on Wednesday raised €4.5 billion in a dual-tranche tap of two existing bonds. This marks the 100th deal for the EFSF or the European Stability Mechanism (ESM) since the EFSF’s inaugural bond issuance of January 2011.