About: European Stability Mechanism (ESM)

Economy & Jobs 14-12-2018

Leaders wrap up year-long euro reform with face-saving package

EU leaders concluded on Friday (14 December) a year-long discussion to bolster the eurozone by approving extra money to resolve failing banks and additional powers for the European Stability Mechanism, the EU’s rescue fund.
Economy & Jobs 04-12-2018

EU reaches limited agreement to bolster economic and monetary union 

EU finance ministers concluded a deal on Tuesday (4 December) to bolster the region with new tools to save ailing banks and member states but postponed Europe-wide instruments to protect depositors or stabilise national economies.
Future EU 04-12-2018

EU finance ministers struggle for eurozone reform deal

EU finance ministers struggled to agree reforms to better fight against a financial crisis early Tuesday (4 December), with negotiators still at the table after more than 12 hours of talks.
Economy & Jobs 02-11-2018

The euro ‘hawks’ want bigger say for crisis fund in cuts and reforms

The so-called Hanseatic League of EU countries called for a “strict conditionality” and more powers for the European Stability Mechanism over those countries requesting assistance to avert a full-blown crisis.
Economy & Jobs 14-09-2018

Lessons from Lehman: It’s the real economy and politics that matter

There are few safeguards against a repeat of the “Great Recession” triggered ten years ago by the collapse of Lehman Brothers, writes Karl Aiginger. However, it will be different from the crisis of 2008 and there is a lot we can do to make it less likely and less severe, he argues.
Economy & Jobs 18-06-2018

German politics risks affecting eurozone reform

The leaders of France and Germany’ will meet in Berlin on Tuesday (19 June) for a preparatory summit ahead of the European Council at the end of the month. But the two countries continue to hold different views on the subject of the economy. EURACTIV.fr reports.
Future EU 23-01-2018

EU 2018: A big year to be big on big things

With European Parliament elections, a new European Commission and Brexit scheduled, attention of some EU observers is already beginning to drift to 2019. However, focus should not shift too fast as the twelve months ahead promise major EU developments, which could mark 2018 down in the annals of EU history, insists Tom Parker.
Economic governance 05-01-2018

A three-step plan for a better European Monetary Fund

The European Commission's ESM reform plans are so one-sided that they can only exacerbate the Eurozone’s existing problems and deepen the gulf between creditor and debtor states, writes Clemens Fuest.

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