Congratulations to the European University Institute for a successful and informative State of the Union #SOU2024 . Organization was top , panels very high level and useful in run up of European elections . Looking forward to the next edition! PG ⁦ESM⁩

Good first meeting with the new Minister of Finance of Portugal Joaquim Miranda Sarmento who underlined the continued commitment of government to prudent fiscal policies . PG ESM

The discussions on the Banking Union today in #Eurogroup have highlighted the need to implement what has already been agreed like the backstop for the now fully mutualized Single Resolution Fund to be provided by #ESM . The ESM is ready for it . PG ⁦ESM⁩

Sunny and inspiring #EuropeDay2024 in Luxembourg! Many thanks to HRH the Grand Duke and Foreign Minister ⁦Xavier Bettel⁩ who came to the stand of the #ESM alongside thousands of visitors from many nationalities illustrating the cosmopolitan nature of the Grand Duchy. PG

I was present in the General affairs council in Luxembourg back in 2002 when the enlargement was finalized and the date decided . Many doubts existed , but twenty years later the verdict is clear : it is a success story politically and economically. PG

Updating the cooperation agreement between AIIB and #ESM is especially important at a time of increasing fragmentation as international reach out strengthens financial stability . PG

Nice to encounter ⁦Nadia Calviño⁩ the new President of ⁦European Investment Bank⁩ in the margins of #IMFmeetings in Washington . The role of multilateral development banks is more precious than ever in a world prone to shocks and geopolitical tensions . PG ⁦ESM⁩

Exchanging views with my dear friend Mehmet Simsek , minister of finance of Turkey is not only a privilege but also key to better understand the geopolitical challenges of today’s fragmenting world . PG #IMFMeetings ESM

Since my first participation in the spring #IMFMeetings ten years ago, never have geopolitical tensions and wars around the world been so profound thus impacting world trade and financial stability. PG ESM

Very fruitful exchange of views on the world economy with 日本銀行 Governor K. Ueda whom I met for the first time in the margin of the #IMFmeetings in Washington. PG. ESM

Deep gratitude for the personal commitment of Ceyla Pazarbasioglu to nurture cooperation with the ESM . Excellent meeting in the margin of the Spring #IMFmeetings . PG
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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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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