Luxembourg fin min Pierre Gramegna has warned that using the ESM fund for investment projects is not the best idea and would rather leverage the EIB to help with the growth agenda. “The ESM is really there for something else. It’s … Continue reading
European stocks are up xxx, Greek bonds are up xxx…, you get the picture They’ve also approved the 2013 ESM annual report
Direct recap proposal obtained by Bloomberg news, crossing the wires now as proposals from Dijsselbloem: Makes proposal on ESM direct bank aid Requesting country to pay 75-bps margin to ESM Review after 10 years on continuation of tool – Jeroen … Continue reading
European Stability Mechanism just announcing No further detail at present
Deputy finance minister Werner Gatzer says there’s no reason to act on top court ruling. Glad that one is over and done with.
upholding preliminary ruling from 2012 says rights of German parliament to decide on budget not violated by ESM court reiterates Germany’s liability to ESM must be limited to EUR 190 bln, any further requirement must be approved by parliament also … Continue reading