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European Stability Mechanism says. "Thanks to the contributions of our Member States the ESM has a very robust capital structure", said Klaus Regling, Managing Director of the ESM. "As foreseen, the 17 Member States of the euro area transferred the
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The international ratings agency Standard & Poor's said on Thursday that it expected borrowing by European countries to decline slightly this year for the first time since 2007 but added that the amount of total debt outstanding would reach an all-
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Ireland's gradual recovery remains highly uncertain but recent developments support its capacity to exit its international bailout on schedule at the end of this year, the International Monetary Fund (IMF) said on Wednesday. Rescued by Europe and the
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Economic Affairs Commissioner Olli Rehn has warned that debt-riven Cyprus could exit the eurozone without a bailout in an interview with a German news weekly. "Even if you come from a big EU country, you should be aware that every euro member is
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Deep reservations in some European states could ultimately stop the euro zone's bailout fund being used for bank recapitalization, the head of the fund said. Klaus Regling, the head of the European Stability Mechanism (ESM), told Wirtschafts Woche
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The Euro sculpture is partially reflected in a puddle on a cobblestone pavement in front of the headquarters of the European Central Bank (ECB) in Frankfurt January 21, 2012. Euro zone governments are discussing ways to help Portugal and Ireland
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The Minister made the comments at speech in London hosted by the Bloomberg news agency. Minister Noonan said the bailout of Irish banks was done in part at the direction of the European Central Bank, in order to prevent the financial crisis spreading
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The euro climbed against the dollar Tuesday on the Japanese finance minister's remarks that Tokyo will use part of its foreign-exchange reserves to buy bonds issued by the bailout fund, European Stability Mechanism. The ICE dollar index , which
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Judging from the headlines and the accolades from editors, economists and investors, it is not German Chancellor Angela Merkel, the holder of Europe's biggest bailout account, or Mario Monti, the Italian Prime Minister who spared the euro zone's
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Ratings agency Moody's announced a downgrade Friday of the continent's main bailout vehicle, the European Stability Mechanism , knocking it one notch from prized Aaa status to Aa1. The ESM, which was finalized in October , is a bailout fund designed
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