A ten-year retrospective by the euro area's financial firefighter

By Camille Frati Switch to French for original article

The European Stability Mechanism is the discreet neighbour of the European Investment Bank on the Kirchberg plateau, and helps euro area countries in financial distress. Its mission has been strengthened with the Covid-19 crisis and will continue to be so in the upcoming years, as Kalin Anev Janse, CFO of the ESM, explains to the Lëtzebuerger Journal.

In January 2011, the European Financial Stability Facility issued its first bond to help Ireland to get back on track. This anniversary was celebrated on Wednesday during an online ceremony in which Klaus Regling, the Managing Director of the ESM, Robert Scharfe, the CEO of the Luxembourg Stock Exchange, Julie Becker, the Vice-CEO of LES and Kalin Anev Janse, the Chief Financial Officer of the ESM, performed the ceremonial ritual of ringing a bell.

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A ten-year retrospective by the euro area's financial firefighter

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