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A discussion with Klaus Regling at the European Stability Mechanism’s 5th Anniversary
Klaus Regling, Managing Director of the European Stability Mechanism (ESM), will be at the Peterson Institute for International Economics on October 11, 2017 to discuss whether Europe is prepared for the next crisis. The event marks the occasion of the fifth anniversary of the ESM. Jeromin Zettelmeyer, PIIE senior fellow, will share his insights on the euro area crisis, followed by a panel discussion with Regling and Adam S. Posen, PIIE president.
Luxembourg - The European Stability Mechanism has its fifth anniversary on Sunday as the permanent crisis resolution mechanism for sovereigns of the euro area. Set up by the countries of the euro area on 8 October 2012, the ESM helped to keep the euro together during the height of the euro debt crisis. Far-reaching economic and financial repairs were initiated in the context of ESM programmes in the countries hit the hardest by the crisis.
Klaus Regling
ESM Managing Director
EU Press Visit to the ESM
Luxembourg, 28 September 2017
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Luxembourg – The European Financial Stability Facility (EFSF) today conducted a tap of its 0% 5-year bond maturing on 17 November 2022 through an auction. The deal raised €989.90 million, bringing the total size of the bond to €3.9889 billion.
“The reopening of the EFSF November 2022 bond received very strong demand, with the auction oversubscribed more than 8 times. This enabled us to complete our funding activities for the third quarter of 2017 at very favourable market conditions.” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.
Le Figaro, 22 September 2017
Interviewers: Anne Cheyvialle, Armelle Bohineust
Le Figaro: The Eurozone is doing better. Is this improvement sustainable?