Search
Bailout Fund Boss Says Current Greek Debt Analysis ‘Meaningless’
Klaus Regling, the managing director of the European Stability Mechanism, the euro-zone bailout fund, spoke to The Wall Street Journal about a range of issues, starting with Greece’s debt load. This is a transcript of the interview with Matina Stevis and Gabriele Steinhauser.
Alternatives to austerity would be even more painful, warns ESM chief Klaus Regling
«On ne nous pose plus de questions sur l'avenir de la zone euro»
Alors que le Mécanisme européen de stabilité (MES) espère émettre à long terme en octobre, son DG délégué, Christophe Frankel, présente sa stratégie.
Par A. Garabedian et S. Poullennec le 19/09/2013 pour L'AGEFI Quotidien -Edition de 7H
Quelle est l'activité du Fonds européen de stabilité financière (FESF) depuis que le MES a pris son relais en juillet dernier?
Vilnius – The Board of Governors of the European Stability Mechanism (ESM) has today approved the updated Memorandum of Understanding for Cyprus. This clears the way for the disbursement of €1.5 billion, the second tranche of the country’s financial assistance programme. This disbursement is expected to be formally decided by the ESM Board of Directors. Upon approval, the amount will be used for the recapitalisation of the cooperative banking sector.
Luxembourg – The European Financial Stability Facility (EFSF) today held a tap via auction of the 7-year bond which was initially issued on 10 July 2013 for an amount of €5 billion. Today’s auction raised an additional €986 million bringing the total size of the bond to €5.986 billion. Demand from the market group was high with over €2.8 billion in bids received.
The weighted average price was 97.32% and the average yield was 2.05%. The bid/cover ratio was 2.9.
Market News International
Interview Q&A with Euro Zone Bailout Fund Chief Klaus Regling
03 September 2013
By David Thomas
Luxembourg – The European Stability Mechanism (ESM) will launch its inaugural long-term bond issue in October, subject to market conditions. Investor marketing activities are currently being held in preparation for this inaugural bond. The ESM successfully started its bill programme in January 2013, which was taken over from the European Financial Stability Facility (EFSF). The ESM long-term funding programme is scheduled to be €9 billion in 2013 and €17 billion in 2014.