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Following the decision by the IMF Executive Board today to approve in principle an IMF programme for Greece, ESM Managing Director Klaus Regling said: “I am encouraged that the IMF Executive Board has now approved in principle a Precautionary Stand-By Arrangement for Greece. The shared conditionality between the IMF and ESM programmes ensures full alignment on the policy package for Greece. This should allow Greece to successfully complete the reforms foreseen until the end of the ESM and IMF programmes in August 2018, to rebuild a competitive economy and to regain market confidence”.
The European Financial Stability Facility (EFSF) on Tuesday raised €4.5 billion in a dual-tranche bond deal, taking another major step towards meeting its third-quarter funding needs. The EFSF raised €3 billion in a new 10-year benchmark bond, and €1.5 billion in a tap of an existing 39-year bond.
Download PDF: Working Paper 25
This paper studies the drivers behind the EUR/USD basis swap spreads widening
Authors: Jaroslav Baran and Jiří Witzany
Abstract:
Download PDF: Working Paper 25
This paper studies the drivers behind the EUR/USD basis swap spreads widening
Authors: Jaroslav Baran and Jiří Witzany
Abstract:
Interview with Klaus Regling, ESM Managing Director
Published in Handelsblatt (Germany), 13 July 2017