European Stability Mechanism (ESM) 66d ago

𝗛𝗼𝘄 𝗱𝗼 𝘆𝗼𝘂 𝘀𝗮𝗳𝗲𝗴𝘂𝗮𝗿𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗮 𝘀𝗵𝗶𝗳𝘁𝗶𝗻𝗴 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗶𝗻 𝘄𝗵𝗶𝗰𝗵 𝗴𝗲𝗼𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗿𝗶𝘀𝗸𝘀 𝗮𝗿𝗲 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗳𝗿𝗲𝗾𝘂𝗲𝗻𝘁? ESM Managing Director Pierre Gramegna joined Head of EU News at Euronews Maria Tadeo in a conversation at the Delphi Economic Forum XI in Greece (@delphieconomicforum2201) to explain the economic impact of the conflict in the Middle East and discuss how to move towards a more shock-prone Europe. Europe is much stronger today, but it is not immune. The situation must be handled skilfully. The most important thing is to help the most vulnerable people and not give the wrong incentives to increase oil consumption further. The push for renewable energy and efforts to save energy should continue. Pierre Gramegna is confident that Europe will continue to push reforms to increase competitiveness beyond the energy shock. This circumstance only highlights the urgency to do so. The turnaround of Greece teaches us valuable lessons in how to overcome a crisis and advance reforms that can strengthen future economic growth and keep public finances in check. This is the only way to protect citizens and still be able to support those most in need during these difficult times. We need more Europe not less. The ESM is ready to play its part to help countries overcome and prevent financial stress. #DelphiForum #ESMeuro ----------------------------------------------------------------------------------------------------------------------- The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for the countries of the euro area. Like its predecessor -- the temporary European Financial Stability Facility (EFSF) -- the ESM provides financial assistance to euro area Member States experiencing or threatened by financing difficulties.