Congratulations to Managing Director Kristalina Georgieva for winning a second term at the helm of the IMF . Well deserved after an effective leadership in challenging times . Looking forward to meeting you this week in Washington . PG ESM IMF

Read remarks by ESM MD Pierre Gramegna after today’s Eurogroup meeting in Luxembourg, where he spoke about the importance of competitiveness and trade for the euro area.

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Excellent #Eurogroup discussion on competitiveness and foreign trade. International trade deceleration and fragmentation will impact Europe more as its total trade with rest of the world accounts for over 60% of GDP and only 38% for China and 27% for USA ! PG. ⁦ESM⁩

⚡ How can Europe secure its relevance in a shock-prone world?

ESM Chief Economist Rolf Strauch argues in his latest #Euronomics column that competitiveness and resilience must both be considered when tackling long-term challenges.

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#ESMblog

This #ESMblog highlights how Europe has increased common action through common borrowing over the years . While a lot more could be done , it is important to take stock of the existing common firepower . PG ESM

Moment of emotion as I welcome together with staff my predecessor Klaus Regling at ESM in Luxembourg. On that occasion we unveiled a frame with pictures showcasing some highlights of his 10 years at the helm of the #ESM . Congratulations for your great achievements dear Klaus. PG

Today’s meeting of ⁦Single Resolution Board⁩ and #ESM confirms that cooperation between both institutions is fit for purpose and that operational readiness is guaranteed. PG. ⁦ESM⁩

Good exchange of views with Carlo Monticelli on how international financial institutions are responding to important external chocs . Congratulations to the Council of Europe Bank for its cooperation with Ukraine . PG. #ESM

Good discussion today with the  EU Member States' representatives at the IMF Executive Board about updates on the ESM Treaty and the euro area economic situation and outlook. #EURIMF #ESMeuro . PG

Today’s #Eurogroup agreed on a joint statement on Capital Markets Union paving the way for better access to finance for European enterprises .This will enable ⁦European Commission⁩ and Member States to address issue of lackluster European competitiveness .PG

This #ESM blog is a timely reminder of the key role of small and medium size enterprises for the european economy and the need to improve their access to capital markets in the run up of discussions in the #Eurogroup next Monday . PG

The exchange of view with H.R.H. the Grand Duke and H.R.H. the Crown Prince highlighted their well known commitment and belief in the importance of an ever closer European integration . PG

It was an honor to welcome Luxembourg representatives in #EU institutions and the the Secretary General of the Ministry of Foreign Affairs at the headquarters of #ESM .
Discussions on the many challenges and opportunities for Europe were useful and timely . PG

Always stimulating to be on a roadshow in London as UK actors are important and regular investors in #EFSF and #ESM bonds since the beginning. PG

Good discussions with new finance minister of Spain Carlos Cuerpo in the margin of the informal #ecofin in Belgium. Congratulations to Finance Minister Van Peteghem Vincent Van Peteghem for a fruitful meeting and warm hospitality in wonderful city of Ghent .PG

In the margin of #ecofin in Ghent , I had a good exchange of views with Minister of Finance ⁦Assen Vassilev⁩ about the prospect of Bulgaria to join the #Eurozone and then the #ESM next year. Looking forward to working together to prepare for this objective. PG

In the margin of informal #ecofin in Ghent, I had a good exchange of views with Finance Minister of Greece ⁦⁦Kostis Hatzidakis⁩ on HCAP . Willingness of #ESM and Greece to update and modernize our cooperation. PG

The panel discussion at #Eurofi highlighted the #EU is on track to introduce the new stability and growth pact and that the new rules are ambitious and credible . Implementation and enforcement will be key . PG

In these times of crises and geopolitical conflicts the dialogue with the European Parliament is crucial also in the run-up to the upcoming elections of the European Parliament. PG

Good panel discussion with ⁦commissioner ⁦Mairead McGuinness⁩ at ⁦⁦European Parliament⁩ on the state of play of Economic and Monetary Union and upcoming risks of financial stability. Successful conclusion of trilogue on economic governance review is good news. PG