The Board of Governors of the European Stability Mechanism (ESM) appointed, on Friday 25 November, Luxembourg’s Pierre Gramegna as Managing Director of the euro area’s permanent bailout fund starting 1 December.
“I am pleased to announce that the Board of Governors has appointed Pierre Gramegna for a five-year mandate”, said the Eurogroup President, Paschal Donohoe, who also chairs the ESM Board.
Mr Gramegna was previously in competition with João Leão from Portugal. At the...