ESM’s pandemic credit lines ‘will be used’ says CFO

By Burhan Khadbai
22 Oct 2020

The European Stability Mechanism’s Pandemic Crisis Support credit lines will eventually be drawn on by euro area member states, according to the institution’s chief financial officer, Kalin Anev Janse.

“It is still cheaper to borrow from us than through the market for 10 countries — with some countries that can save multiple billions,” said Janse. “But in the end, it is their choice. They have until the end of 2022 to apply. My feeling is that it ...

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