ESM Reform: No need to reinvent the wheel

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Publication Date 27/08/2018
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In this blog post, Lucas Guttenberg argues that the ESM does not need a new instrument to provide short-term liquidity to member states. Instead, finance ministers should clarify that some of the existing instruments can be used without recourse to a full adjustment programme, i.e. based only on ex-ante eligibility criteria.

Source Link Link to Main Source https://www.bertelsmann-stiftung.de/en/publications/publication/did/esm-reform/?tx_rsmbstpublications_pi2%5BfilterSprache%5D%5B2%5D=1&tx_rsmbstpublications_pi2%5Bpage%5D=7&tx_rsmbstpublications_pi2%5BfilterPreis%5D=1&cHash=506069f50c70aee0e50566c231964036
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  • https://www.bertelsmann-stiftung.de/fileadmin/files/BSt/Publikationen/GrauePublikationen/EZ_JDI_BST_ESM_Reform_Guttenberg_2018_ENG.pdf
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