Full callable capital of the European Stability Mechanism by credit rating level
This chart supplements the IREF article published on 24th July 2024 entitled ‘There is no European Financial Safety Net, and therefore no Global Financial Safety Net’:
https://en.irefeurope.org/publications/online-articles/article/there-is-no-european-financial-safety-net-and-therefore-no-global-financial-safety-net/Bonds issued by the European Stability Mechanism have to be 100%+ backed by callable capital from member states with a given credit rating for the bonds to enjoy that same […]