𝗛𝗼𝘄 𝗰𝗮𝗻 𝗘𝘂𝗿𝗼𝗽𝗲 𝗳𝘂𝗻𝗱 𝗶𝘁𝘀 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗮𝗺𝗯𝗶𝘁𝗶𝗼𝗻𝘀? Speaking at the Financial Times Global Bond Summit in London, ESM Managing Director @pierregramegna emphasised that Europe must strengthen its collective financial capacity to mobilise resources at scale. As Europe faces major investment needs in defence, energy security, innovation, artificial intelligence, and the climate transition, financing solutions increasingly need to reflect the shared nature of these priorities. He underlined the importance of scale in meeting this challenge. Expanding the supply of euro-denominated safe assets, alongside deeper and more integrated capital markets, can help mobilise both public and private investment and strengthen market resilience. As Europe’s strategic priorities continue to evolve at the continental level, its financial framework will need to evolve accordingly. #ESMeuro

Good meeting in London between ESM MD @pierregramegna and Andrew Bailey, Governor of @bankofengland. Their discussion focused on global financial stability risks in a rapidly evolving environment. #ESMeuro

At the #Eurogroup press conference, ESM MD @pierregramegna discussed the outcome of the ESM Board of Governors meeting, which took place earlier in the day at the ESM headquarters and was chaired for the first time by @Pierrakakis. Pierre Gramegna said that the ESM’s financial results are a good illustration of its resilience. In 2025, the ESM recorded a net profit of €2 billion, the best financial result since the institution’s inception. This, he said, reflected a safe investment strategy that outperformed its benchmarks, despite a year marked by volatility and uncertainty. Discussions focused on how the ESM can remain prepared in times of geopolitical turmoil and fragmentation and reviewed the progress the ESM has made in strengthening its crisis prevention role. Pierre Gragmegna was pleased to welcome @IMFNews Managing Director @KGeorgieva to the ESM for an exchange on current global challenges. Pierre Gramega also reflected on another important milestone: welcoming Bulgaria, represented by Minister of Finance Galab Donev, as the ESM’s 21st Member. Following the completion of all procedural steps, Bulgaria will become a full member of the ESM before the end of the month. #ESMeuro

The @ESM_Press Board hosted me today to discuss global risks confronting European policymakers and how best to address them. I am proud of the strong relationship between the IMF and the ESM, safeguarding regional financial stability.