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Luxembourg – The European Stability Mechanism (ESM) on Wednesday raised €1.5 billion in a tap of its 2 November 2046 bond. With this transaction, both the ESM and EFSF have completed their funding needs for the second quarter of 2017.

The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2016.  Additionally, it contains an external auditor's report and a report of the Board of Auditors.

Expansión: Despite economic growth in Spain, the public debt is still around 100% of GDP. Do you think the country is still at risk?

 
Interview with Rolf Strauch, ESM Chief Economist
Published in To Vima (Greece), 3 June 2017

 
 
Interview with Klaus Regling, Managing Director, ESM

Luxembourg – The European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM) have revised their funding needs for this year and the next. The EFSF will now raise €49 billion in total in 2017, an increase of €9 billion. The ESM will raise €12.5 billion in total this year, a decrease of €4.5 billion. The combined funding needs for the two institutions for 2017 will, therefore, be €61.5 billion.