Search
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.
Chief Economist, ESM
Expansión (Spain) 5 June 2017
Interviewer: Pablo Cerezal
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.
“Greece’s Return to Financial Markets –
The Viewpoint from the Institutions”
Nicola Giammarioli, ESM Mission Chief to Greece
Frankfurt, 31 May 2017
(Please check against delivery)
The European crisis in the late 2000s has revealed a vicious circle between the financial health of governments and banks, reflecting banks' holdings of sovereign debt and government commitments to financial bailouts. Understanding the linkages between sovereign and banking risk is a central element of an effective macroprudential policy framework.