The ESM is the crisis resolution mechanism for euro area countries. Follow us here for EFSF tweets as well. #ESMeuro
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Joined January 2012
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ESM retweeted
Excellent panel on the role of financial safety nets in a world with increased vulnerabilities and risks . Many thanks to panelists and moderator . Main takeaways below . PG
@SabineMauderer @JustinMuzinich @edglez22
@ESM_Press
Speaking on the panel “Building the next global financial safety net” at the 2026 @Bgdialogue, ESM Managing Director @pierregramegna underlined the need to strengthen financial resilience as new technologies and more price-sensitive participants reshape the financial system.
He highlighted the opportunities offered by non-bank financial institutions, digital finance and artificial intelligence, while warning that emerging vulnerabilities can amplify liquidity pressures during periods of stress. He stressed that Europe must match its regulatory efforts with the ambition to develop and deploy new technologies.
He also emphasised that governments cannot absorb every economic shock or compensate for every financial loss. Public support should be targeted, tailored and temporary, protecting those most in need without weakening incentives to adjust. Therefore rebuilding fiscal buffers is key for countries to respond to future crises.
Turning to international cooperation, he highlighted the need to strengthen the cooperation between the IMF and regional financing arrangements further, as an important part of the global financial safety net.
Finally, he reaffirmed the ESM’s role in helping euro area countries prevent and overcome crises.
#ESMeuro #BGD2026
On the margins of the @Bgdialogue, ESM Managing Director @pierregramegna met with Stefan Wintels, CEO of @KfW.
They discussed the importance of investing in technology and innovation to boost productivity and enhance Europe's competitiveness.
#ESMeuro #BGD2026
Speaking on the panel “Building the next global financial safety net” at the 2026 @Bgdialogue, ESM Managing Director @pierregramegna underlined the need to strengthen financial resilience as new technologies and more price-sensitive participants reshape the financial system.
He highlighted the opportunities offered by non-bank financial institutions, digital finance and artificial intelligence, while warning that emerging vulnerabilities can amplify liquidity pressures during periods of stress. He stressed that Europe must match its regulatory efforts with the ambition to develop and deploy new technologies.
He also emphasised that governments cannot absorb every economic shock or compensate for every financial loss. Public support should be targeted, tailored and temporary, protecting those most in need without weakening incentives to adjust. Therefore rebuilding fiscal buffers is key for countries to respond to future crises.
Turning to international cooperation, he highlighted the need to strengthen the cooperation between the IMF and regional financing arrangements further, as an important part of the global financial safety net.
Finally, he reaffirmed the ESM’s role in helping euro area countries prevent and overcome crises.
#ESMeuro #BGD2026
ESM retweeted
Glad to meet Lars-Hendrik Röller , founder of the Berlin Global Dialog and to stand on a panel dedicated to financial stability . Given the quality of speakers and the excellent organization , I look forward to coming back next year . PG @ESM_Press @Bgdialogue
At the 2026 Berlin Global Dialogue, ESM Managing Director @pierregramegna was pleased to meet Lars-Hendrik Röller, Founder and Chair of this annual international summit hosted at ESMT Berlin and aimed at uniting global business and political leaders.
#ESMeuro
At the 2026 Berlin Global Dialogue, ESM Managing Director @pierregramegna was pleased to meet Lars-Hendrik Röller, Founder and Chair of this annual international summit hosted at ESMT Berlin and aimed at uniting global business and political leaders.
#ESMeuro
𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗼𝗳𝗳𝗲𝗿𝘀 𝗮𝗻 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝗯𝗿𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗰𝗹𝗼𝘀𝗲𝗿 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿.
Speaking remotely at the China-Europe Finance and Investment Forum 2026 in Beijing yesterday, held as part of the Financial Street Forum 2026, ESM Managing Director @pierregramegna highlighted the potential of digitalisation to make the issuance, trading and settlement of financial instruments more efficient.
As Europe advances projects including the digital euro and new digital market infrastructures, interoperability will be essential. Continued international dialogue can help ensure that innovation supports transparent, connected and resilient financial markets. There is considerable scope for Europe and China – and for institutions such as ICBC and the ESM – to contribute to that process.
🔗Link to the full speech: ow.ly/wpVh50ZZFnv
#ESMeuro
ESM retweeted
Good exchange of views with Daniela Stoffel , Swiss State Secretary for International Finance on the risks of higher inflation stemming from persistently higher energy prices . Good to be in Berlin during @Bgdialogue . PG
@ESM_Press
𝗪𝗵𝗶𝗹𝗲 𝗴𝗲𝗼𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝘀 𝗶𝘀 𝗰𝗹𝗲𝗮𝗿𝗹𝘆 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 𝗼𝗻𝗲 𝗳𝗮𝗰𝘁𝗼𝗿 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝘁𝗼𝗱𝗮𝘆, 𝘁𝗵𝗲𝗿𝗲'𝘀 𝗻𝗼 𝗿𝗲𝗴𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗯𝗲𝘁𝘁𝗲𝗿 𝗽𝗿𝗲𝗽𝗮𝗿𝗲𝗱 𝗮𝗻𝗱 𝗵𝗮𝘀 𝘁𝗵𝗲 𝗶𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁𝘀 𝘁𝗼 𝘄𝗲𝗮𝘁𝗵𝗲𝗿 𝗮 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗿𝗶𝘀𝗶𝘀, 𝘁𝗵𝗮𝗻 𝗘𝘂𝗿𝗼𝗽𝗲.
In his speech opening the 14th Annual ESM Shareholders’ Day, ESM Managing Director @pierregramegna reflected on the recent @IMFNews-@WorldBankGroup Annual Meetings in Bangkok, and how geopolitical developments are impacting economies all over the world.
The ESM’s capacity to act as the lender of last resort for euro area countries remains essential: it has the highest lending capacity and the highest capital among comparable institutions around the world.
Crisis prevention is becoming an increasingly important aspect of the ESM’s activities. This means taking a close look at risks. The ESM’s new publication, the 𝗘𝘂𝗿𝗼 𝗔𝗿𝗲𝗮 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗪𝗮𝘁𝗰𝗵 (read it here: ow.ly/pIht50ZZkvN), examines these risks and the wider forces that could create vulnerabilities across the euro area.
We cannot predict every crisis. 𝗕𝘂𝘁 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿, 𝘁𝗵𝗲 𝗘𝗦𝗠 𝗮𝗻𝗱 𝗶𝘁𝘀 𝗺𝗲𝗺𝗯𝗲𝗿𝘀 𝗰𝗮𝗻 𝗽𝗿𝗲𝗽𝗮𝗿𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘂𝗻𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱.
📷: Frédéric Sierakowski
#ESMeuro
ESM retweeted
Excellent exchange of views with @NathalieFrancke , executive director at the @WorldBankGroup about the challenges of addressing issues of development at a time of heightened geopolitical fragmentation and strained budgets . PG
@ESM_Press
ESM retweeted
Good to reconnect with Pascal Saint-Amans in the margins of the @IMFMeetings in Bangkok . His wittiness and lucidity have always spiced up our
discussions …PG @PSaintAmans @ESM_Press
On the margins of the 2026 IMF-World Bank Group Annual Meetings in Bangkok, ESM Managing Director @pierregramegna met with EURIMF President Riccardo Ercoli to discuss European priorities at the IMF Executive Board.
#ESMeuro #IMFMeetings
Speaking to Avril Hong from @BloombergTV today in the margins of the @IMFNews - @WorldBankGroup Bank Annual meetings, ESM Managing Director @pierregramegna highlighted the euro area’s robust crisis management and institutional framework.
Higher energy prices and rising interest rates are affecting economies worldwide. Today’s euro area is more resilient than it was during the global financial crisis. Spreads remain contained by comparison and the German Bund has strengthened its position as a stable reference point for investors. Budgetary buffers and fiscal space are essential to help countries absorb these shocks.
The ESM continues to monitor risks closely. With more than €430 billion in available lending capacity and a broad range of instruments, the ESM is well equipped.
🔗 Read the transcript: ow.ly/N79950ZYmT4
#ESMeuro #IMFMeetings
ESM retweeted
Good to start the IMF annual meetings by encountering Finance Minister of Luxembourg Gilles Roth at the entrance of the beautiful conference center in Bangkok which hosts the meeting for the second time since 1991 . PG
@IMFMeetings @RothGilles
ESM retweeted
The landscape of higher interest rates everywhere calls for buffers in national budgets ! Main focus of our discussion with Rodrigo Valdés , new Director of fiscal affairs of the @IMFNews . PG @ESM_Press
Today, ESM Managing Director @pierregramegna met with Rodrigo Valdés, Director of the @IMFNews Fiscal Affairs Department, on the margins of the 2026 IMF-World Bank Group Annual Meetings in Bangkok.
They discussed the need for countries to create sufficient fiscal space in an environment of globally higher interest rates.
#ESMeuro #IMFMeetings
