Wednesday, 29 April, 2020
Professor Giancarlo Corsetti, and Aitor Erce have published an article for VOXeu titled "Maturity, Seniority and Size: Make sure the ESM's pandemic crisis support is fit for purpose!". This column looks at the discussions around the European Stability Mechanism (ESM) credit line and if the ESM should consider waiving its seniority and engaging with countries using longer maturity structures.
