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Transcript of Klaus Regling's interview with German radio hr-iNFO
Topic: 5 years after the ESM’s inception
Broadcast on 7 October 2017
hr info Bilanz: The fifth anniversary of the ESM is an opportunity to look both back and into the future with the man who heads the euro rescue fund. His name is Klaus Regling. He is German and his work is headquartered in Luxembourg. Before this radio show I asked him what his assessment of the past five years is.
Eurogroup press conference, 9 October 2017
Regional Financing Arrangements (RFAs) are mechanisms or agreements through which groups of countries mutually pledge financial support to countries experiencing financial difficulties in their regions.
The ESM is the Regional Financing Arrangement for the euro area, while a few other world regions (e.g. Latin America, South-East Asia) have their own RFAs. Together they are the regional lines of defence in the Global Financial Safety Net (GFSN), which helps to prevent and mitigate the effects of economic and financial crises.
Excerpts from interview with Kalin Anev Janse, ESM Secretary General
Financieele Dagblad (Netherlands)
2 October 2017
Interviewers: Maarten van Poll and Rik Winkel.
Why does ESM want to issue a dollar bond?