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    European Stability Mechanism

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    • Thursday, 23 March, 2023
      Rhee Chang-yong
      Asia needs a more effective financial safety net

      The Chiang Mai Initiative would work better if it was a fully-funded system

    • Monday, 13 February, 2023
      A lesson for Italy from Germany’s debt management

      It isn’t what you think

    • Friday, 29 April, 2022
      Europe Express
      Potential candidates emerge for leadership of eurozone bailout fund Premium content

      Italy, Luxembourg and the Netherlands consider candidates to replace Klaus Regling

    • Thursday, 7 April, 2022
      Europe Express
      What to do about the eurozone bailout fund? Premium content

      The European Stability Mechanism has been struggling to find its purpose in recent years

    • Wednesday, 2 December, 2020
      The FT ViewThe editorial board
      A chance to press on with EU banking union

      Agreement on bolstering crisis-fighting tools shows that solidarity holds

    • Monday, 30 November, 2020
      Eurozone reform
      Eurozone finance ministers strike deal over bailout fund reform

      Eurogroup overcomes opposition from Italy and northern nations on financial backstop for ailing lenders

    • Thursday, 26 November, 2020
      Europe Express
      Eurogroup grapples with the business of building monetary union Premium content

      Finance ministers need to overcome longstanding concerns from northern hawks about reforming the bloc’s bailout fund

    • Thursday, 12 November, 2020
      Europe Express
      Eurozone’s redundant bailout fund needs a revolution Premium content

      Jacques Delors Centre calls on the ESM to be fundamentally reimagined in the post-pandemic age

    • Wednesday, 20 May, 2020
      Global InsightMartin Sandbu
      The eurozone’s bailout fund remains unfairly toxic

      Member states in need reluctant to tap new coronavirus facility despite its advantages

    • Tuesday, 21 April, 2020
      News in-depthEurozone economy
      Conte prepares for toxic choice on eurozone rescue fund

      Pressured by the right, Italy’s PM has prevaricated over triggering eurozone rescue fund

    • Sunday, 19 April, 2020
      Wolfgang Münchau
      Italy is in more danger than the eurozone will acknowledge

      It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends

    • Sunday, 12 April, 2020
      Wolfgang Münchau
      How the next euro crisis could unfold

      What if Italy cannot service its debt and a future government is tempted to default?

    • Friday, 10 April, 2020
      Eurozone economy
      Support for eurozone rescue deal sparks backlash in Italy

      Coronavirus economic package agreed by eurogroup faces political hurdles

    • Thursday, 9 April, 2020
      Eurozone reform
      Eurozone strikes emergency deal on coronavirus rescue 

      Accord on emergency package leaves longer-term questions on burden sharing for recovery unresolved

    • Wednesday, 8 April, 2020
      The FT ViewThe editorial board
      Eurozone ministers must strike coronavirus deal

      The ECB must work to protect the currency union at all costs

    • Monday, 6 April, 2020
      Eurozone economy
      Eurozone struggles to forge deal over economic crisis 

      Member states clash over joint debt issuance as Eurogroup prepares to meet  

    • Tuesday, 31 March, 2020
      FT AlphavilleEurozone economy
      Coronabonds are no easy fix

      A European Coronabond is being widely touted. But issuing it entails some massive political choices, argues Lorenzo Bini Smaghi. 

    • Tuesday, 31 March, 2020
      Eurozone economy
      Euro bailout chief sees hurdles to quick ‘coronabonds’

      Short-term crisis response will require use of existing institutions and instruments 

    • Thursday, 26 March, 2020
      Coronavirus
      EU leaders clash over coronavirus response

      Leaders fail to settle on proposals for upcoming Eurogroup talks

    • Thursday, 26 March, 2020
      Free Lunch
      How Europe should design a ‘coronabond’  Premium content

      The eurozone needs mutualised spending more than it needs mutualised borrowing

    • Tuesday, 24 March, 2020
      Coronavirus
      ‘Broad support’ for using eurogroup bailout fund in virus battle

      Finance chiefs weigh European Stability Mechanism’s capacity to fight Covid-19 crisis

    • Sunday, 22 March, 2020
      Coronavirus
      EU plans fiscal firepower boost to tackle coronavirus fallout

      Paolo Gentiloni — ‘We need to face an extraordinary crisis with extraordinary tools’

    • Wednesday, 18 March, 2020
      EU debates whether to harness crisis fund in coronavirus battle

      Member states are divided over when to deploy the European Stability Mechanism 

    • Monday, 16 March, 2020
      Eurozone chiefs look to €410bn bailout fund for help

      First concerted step by eurogroup to slow slump in bloc's economies

    • Monday, 13 January, 2020
      Global InsightMartin Sandbu
      Italy emerges as biggest obstacle to eurozone banking union

      Rome wants a ‘package deal’ that includes common deposit insurance scheme

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