The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis. It was agreed by the Council of the European Union on 9 May 2010,with the objective of preserving financial stability in Europe by providing financial assistance to eurozone states in economic difficulty. The Facility's headquarters are in Luxembourg City,as are those of the European Stability Mechanism. Treasury management services and administrative support are provided to the Facility by the European Investment Bank through a service level contract. Since the establishment of the European Stability Mechanism,the activities of the EFSF are carried out by the ESM.
The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City,which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was established on 27 September 2012 as a permanent firewall for the eurozone,to safeguard and provide instant access to financial assistance programmes for member states of the eurozone in financial difficulty,with a maximum lending capacity of €500 billion. It has replaced two earlier temporary EU funding programmes:the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM).
Jeroen RenéVictor Anton Dijsselbloem is a Dutch politician and economist serving as Mayor of Eindhoven since 13 September 2022,succeeding John Jorritsma (VVD). A member of the Labour Party (PvdA),he has also been Chairman of the supervisory board of Wageningen University since 1 April 2019.
Dana Reizniece-Ozola is a Latvian politician and chess player. She has been managing director of the International Chess Federation (FIDE) since 2021. She also served as minister of Economics (2014–2016) and minister of Finance (2016–2019) of the Republic of Latvia. Reizniece-Ozola was elected as a member of the 10th,11th,12th and 13th Saeima of the Republic of Latvia and worked as the chairperson of the Commission on Education,Culture and Science,Member of the Legal Affairs Commission and Member of the European Affairs Commission. In chess,Reizniece-Ozola was awarded the title of Woman Grandmaster by FIDE in 2001. She is presently vice-president of the European Chess Union.
Luis de Guindos Jurado is a Spanish politician serving as Vice-President of the European Central Bank since 2018. He previously served as Spain's Minister of Economy,Industry and Competitiveness from 2011 to 2018.
Peter Kažimír is a Slovak central banker and former politician,currently serving as the governor of the National Bank of Slovakia (NBS). He previously served as the country's Finance Minister under prime ministers Robert Fico and Peter Pellegrini. He was a senior member of the social-democratic SMER-SD party,but left the party after assuming the governorship of NBS.
Harris Georgiades is a Greek Cypriot economist and politician. He was pivotal in the successful implementation of the economic reform plan for Cyprus and its successful conclusion in 2016.
Thomas Steffen is a German lawyer who has been serving as State Secretary at the Federal Ministry of Health under ministers Jens Spahn in the government of Chancellor Angela Merkel (2019–2021) and Karl Lauterbach in the government of Chancellor Olaf Scholz. He previously served in various positions in the Federal Ministry of Finance (BMF).
Christos Staikouras is a Greek economist and politician who is currently New Democracy's coordinator of economic affairs. Since the 2007 legislative election,he has been a Member of the Hellenic Parliament (MP) for Phthiotis. After the 2019 election,he was appointed minister for finance in the Cabinet of Kyriakos Mitsotakis serving from 2019 to 2023.
Mário JoséGomes de Freitas Centeno is a Portuguese economist,university professor,and politician. From 2015 to 2020,he was Minister of Finance of Portugal in the government cabinet of Prime Minister António Costa of the Portuguese Socialist Party (PS). He was the president of the Eurogroup and chairman of the board of Governors of the European Stability Mechanism from 2018 to 2020. Previously,he was a board member economist of the Bank of Portugal. On 9 June 2020,he announced his resignation from the Ministry of Finance,effective 15 June. On 16 July 2020,the Council of Ministers approved Centeno's nomination for the post of Governor of the Bank of Portugal,put forward by his successor as Finance minister,João Leão. Centeno is the author or co-author of several scientific publications,books and book chapters related to his areas of interest,such as labour economics,econometrics,microeconomics and contract theory.
Hartwig Löger is an Austrian politician and former business executive who served as minister of finance from 2017 to 2019. From 2011 to 2017 he was chief executive officer of UNIQA Austria. On 22 May 2019,following the Ibiza affair,he was named vice chancellor,and on 28 May 2019,he was sworn in as acting chancellor after Austria's first ever successful vote of no confidence against a cabinet,leaving this post on 3 June 2019.
Giovanni Tria is an Italian economist and university professor who served as the Italian Minister of Economy and Finance in the Conte I Cabinet. He is the current Adviser of the Ministry of Economic Development (MED) since 9 March 2021 in the Draghi Cabinet.
Nadia María Calviño Santamaría is a Spanish economist and civil servant serving as the President of the European Investment Bank since January 2024. She previously served as the First Deputy Prime Minister of Spain from July 2021 and Minister of Economy from 2018 to December 2023 under prime minister Pedro Sánchez. In 2020,the post was renamed as Minister for Economic Affairs and Digital Transformation. In the 15th legislature,which began in November 2023,she was part of the government as First Deputy Prime Minister and Minister of Economy,Trade and Enterprise.
Eduard Müller is an Austrian politician and author. He served as Minister of Finance in 2019. He also managed the Ministry of Civil Service and Sports.
A.C.C. Rebergen is a Dutch civil servant,who has been serving as the Treasurer-General at the Ministry of Finance since 2018.
João Rodrigo Reis Carvalho Leão is a Portuguese economist,university professor,and politician. He served as Minister of Finance in the government of Prime Minister António Costa of Portugal,sworn in on 15 June 2020.
Andrej Šircelj is a Slovenian politician who has been serving as Minister of Finance in the government of Prime Minister Janez Janša since 2020.
Vincent Van Peteghem is a Belgian economist and politician of CD&V who has been serving as Minister of Finance in the government of Prime Minister Alexander De Croo since 1 October 2020. He was a member of the Chamber of Representatives of Belgium from 2014 until 2020.
Daniele Franco is an Italian economist,central banker and civil servant who served as Minister of Economy and Finance in the cabinet of Prime Minister Mario Draghi from 2021 to 2022. From 2020 until 2021,he served as director-general of the Bank of Italy.
Carlos Cuerpo Caballero is a Spanish economist and politician appointed as minister of Economy,Trade and Business in December 2023,succeeding Nadia Calviño after she was elected as president of the European Investment Bank,taking office on 1 January 2024.
