Waiglein Becomes Director of ESM

People ♦ Published: September 22, 2012; 17:55 ♦ (Vindobona)

Austria´s Minister of Finance Maria Fekter mandates Harald Waiglein as member of the board of directors.

Waiglein Becomes Director of ESM / Picture: © Vindobona.org

Before, Waiglain acted as head of department in Austria´s Finance Ministry and spokesman of the Ministry. The board of directors will be able to call approved capital at any time.

The ESM has total authorised capital stock of € 700bn, € 80bn of which is paid in directly by the members and the remainder of which can be called in through capital calls (similar to guarantee…