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Former Minister of Finance of Luxembourg, Mr. Pierre Gramegna appointed as the new MD of European Stability Mechanism

Published Tuesday November 29 2022

On 25 November, the Board of Governors of the European Stability Mechanism (ESM) ,i.e. the 19 Finance ministers of the Eurozone, appointed the Former Minister of Finance of the Luxembourg Government, Mr. Pierre Gramegna, as the new Managing Director of the European Stability Mechanism (ESM).

European Stability Mechanism (ESM), established in 2012, is an European institution which deals with the financial stability of the Euro area and all the EU Member States. The ESM carries out this mission by providing loans and other types of financial assistance to member states that are experiencing or are threatened by severe financial distress.

Congratulations and best wishes to Mr. Gramegna for this new important position, which contributes to the stability of the Euro zone!

Read more: https://www.esm.europa.eu/press-releases/esm-board-governors-appoints-pierre-gramegna-new-esm-managing-director

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