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As ESM's Regling steps down, Gramegna holds good cards

ESM DG Klaus Regling meeting with Greek prime minister Kyriakos Mitsotakis in March 2020. Photo by New Democracy via Flickr CC BY 2.0.

Luxembourg, Italy, Portugal and the Netherlands have all put forward candidates to succeed Klaus Regling as the head of the European Stability Mechanism, the 500-billion-euro eurozone bailout fund known as ESM. On Monday, the Eurozone finance ministers are due to decide on a successor for Regling, who steps down after a ten-year tenure and leaves behind a legacy at the Luxembourg-based ESM.

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