Donohoe rules himself out for top job at ESM The Minister for Finance has ruled himself out as a candidate for the top job at the European Stability Mechanism (ESM). Business • 04 Oct 22
Stability & Growth Pact needs to be reformed - Regling The Managing Director of the European Stability Mechanism, Klaus Regling, has said the European Union's Stability and Growth Pact needs to be reformed. Business • 03 Feb 21
German finance minister wants aid procedures expedited Germany's finance minister has said eurozone states that need aid from the bloc's bailout fund to tackle the coronavirus pandemic should get it quickly and … Business • 03 Apr 20
Eurogroup chief warns of single currency break-up Eurogroup president Mario Centeno warned the euro single currency could break apart if feuding governments don't bury the hatchet and agree on a rescue plan … Europe • 31 Mar 20
EU executive rejects Italy's 2019 draft budget The European Commission has rejected Italy's draft 2019 budget because the plan breaks EU rules in an "unprecedented" way. Business • 23 Oct 18
Greece expects substantive debt relief decisions Greece expects euro zone finance ministers to deliver on promised debt relief this week so that it can at last plan its financial future "like … Business • 21 Jun 18
EU readies €30 billion plan to help reforms, investment The European Commission has set out proposals for a new €30 billion fund to help euro zone countries recover from sudden financial shocks. Business • 31 May 18
EU states reach deal on reform of banking capital rules European Union finance ministers have reached an agreement on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping … Business • 25 May 18
Euro zone considers 'rainy day' fund for future crises Discussions have started on a type of 'rainy day' fund that could help the euro zone address shocks such as the Greek debt crisis in … News • 13 Sep 17
ESM to release €8.5 billion tranche of Greece bailout The European Stability Mechanism has today approved the release of a third tranche of bailout funds to Greece worth €8.5 billion, the ESM said in … Business • 07 Jul 17
Euro zone bailout fund has done well - evaluation The euro zone bailout fund has served its main purpose of safeguarding financial stability in the euro zone, but its operations could be improved, a … Business • 16 Jun 17
Dijsselbloem wants ESM to be turned into a European IMF The European Stability Mechanism - the euro zone's bailout fund - should ultimately be turned into a European version of the International Monetary Fund. Business • 20 Mar 17
ESM head rules out haircut for Greek debt The head of the European Stability Mechanism (ESM) has today ruled out a haircut for Greek debt. Business • 26 Jan 16
Germany's top court clears euro bailout fund Germany's highest court has ruled that the European bailout fund, the ESM, is in line with the German constitution. Business • 18 Mar 14
Low borrowing costs may be 'reward' - ESM chief The head of the European Union’s bailout fund has said that Ireland's currently low cost of borrowing may be a reward from the market for … Business • 20 Jan 14
Gov may seek ESM guarantees for tracker mortgages The Government may seek a guarantee for tracker mortgages from the European Stability Mechanism, according to reports. Business • 23 Aug 13
Dijsselbloem: No retrospective ESM action support Eurogroup President Jeroen Dijsselbloem has said he does not see "any political support" for the European Stability Mechanism to operate in a retroactive fashion. News • 10 Jul 13
Eurozone finance ministers to discuss bailout fund Eurozone finance ministers will on Monday take the first steps towards addressing if and how the permanent EU bailout fund might be able to directly … News • 16 Jan 13
Europe-wide banking union on ministers' agenda EU finance ministers met in Brussels today to discuss the latest proposals for a Europe-wide banking union, widely seen as necessary to prevent a repeat … News • 04 Dec 12
Schaeuble dampens bank recapitalisation hopes German Finance Minister Wolfgang Schaeuble has warned against hopes that the EU's permanent bailout fund, the European Stability Mechanism, could be used to recapitalise banks … Ireland • 04 Dec 12
Noonan wants Anglo notes update ahead of budget The Minister for Finance Michael Noonan has said that a statement of intent from the ECB on a possible deal on Anglo promissory notes would … Business • 08 Oct 12
German court considers challenges to ESM The German Constitutional Court is considering whether the proposed EU permanent bailout facility, the European Stability Mechanism, is compatible with national law. News • 10 Jul 12
Geert Wilders seeks to postpone ESM ratification Dutch far-right politician Geert Wilders has filed a lawsuit aimed at postponing the Dutch parliament's ratification of Europe's permanent bailout fund, the European Stability Mechanism. News • 23 May 12
EU urges debt fund decision this week The European Commission wants an agreement on boosting the size of the euro zone rescue fund by the end of the week. Business • 27 Mar 12
