European Stability Mechanism (ESM) 13d ago

Last week the ESM welcomed euro area Finance Ministers and special guests to its 14th Annual Meeting of the Board of Governors. A yearly highlight, this #ESMBoG2026 was extra memorable. The ESM allocated an all-time record of €1.97 billion in profit to reserves, the highest ever since inception. Eurogroup president and ESM Board of Governors Chairman, Kyriakos Pierrakakis, chaired the Annual Meeting for the first time. International Monetary Fund Managing Director Kristalina Georgieva delivered an impactful speech on risks. Bulgaria, represented by Minister of Finance Galab Donev, was welcomed as the ESM’s 21st Member for the first time. This is a testament to the attractiveness of the euro area and its institutions. Thank you to all attendees who travelled from afar, to all participating ESM colleagues and contributors, as well as all trusted service providers for a remarkable and successful event. #ESMeuro