Treaty Establishing the European Stability Mechanism
Headquarters
Luxembourg City, Luxembourg 49°38′07″N6°10′06″E / 49.63529°N 6.1684°E / 49.63529; 6.1684
Membership
20 (all Member States of the eurozone)
Managing Director
Pierre Gramegna[1]
President of the Board of Governors
Paschal Donohoe
Organs
Board of Governors Board of Directors
Staff
221 by 31 December 2021[2]
Website
esm.europa.eu
This article is part of a series on
Politics of the European Union
Member states (27)
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Candidate countries
Albania
Bosnia and Herzegovina
Georgia
Moldova
Montenegro
North Macedonia
Serbia
Ukraine
Accession negotiations suspended countries
Turkey
Applicant countries
Kosovo
Special territories
Belgium–Germany relations
France–Germany relations
Germany–Netherlands relations
EU 3
Withdrawal from the European Union
Treaties and Declarations
Schuman Declaration (1950)
Treaty of Paris (1951)
Europe Declaration (1951)
Spaak Report (1956)
Treaty of Rome (1957)
Euratom Treaty (1957)
Merger Treaty (1965)
Solemn Declaration (1983)
Single European Act (1986)
Maastricht Treaty (1992)
Treaty of Amsterdam (1997)
Treaty of Nice (2001)
Berlin Declaration (2007)
Treaty of Lisbon (2007)
Article 7
Article 50
Opt-outs
Treaties of accession
1972, 1979, 1985, 1994, 2003, 2005, 2011
Treaties of succession
1984, 2020
Other treaties
Schengen Agreement (1985)
European Economic Area Agreement (1992)
Abandoned treaties and agreements
European Constitution (2004)
UK membership renegotiation (2015–2016)
Executive institutions
European Council
President: Michel (ALDE)
Parties
List of meetings
European Commission
Von der Leyen Commission
President: Von der Leyen (EPP)
Vice Presidents
College of Commissioners
Civil Service
Secretary-General: Juhansone
Legislative institutions
Legislative procedure
Council of the EU
Presidency
Belgium
(January–June 2024)
Configurations
GAC
FAC
ECOFIN
Eurogroup
AGRIFISH
EPSCO
COMPET
TTE
ENVI
JHA
EYC
Voting
Secretariat
Secretary-General: Thérèse Blanchet
Directorates-general
COREPER
European Parliament (Members)
President: Metsola
Largest groups
EPP (Manfred Weber)
S&D (Iratxe García)
Member of the European Parliament
9th session (2019–2024)
Bureau
Vice Presidents
Quaestor
Conference
National parliaments
Judicial institutions
Court of Justice of the EU
European Court of Justice
Members
Advocates General
Rulings
General Court
Auditory institutions
European Court of Auditors
European Court of Auditors
Other auditory bodies
Internal Audit Service of the Commission
Committee on Budgetary Control of the Parliament
Economic and Financial Affairs configuration of the Council
Anti-Fraud Office
Public Prosecutor's Office
European Central Bank
President Lagarde
ESCB
EMU
Euro banknotes
Euro coins
Other bodies
European Investment Bank Group
Investment Bank
Investment Fund
EIB Institute
European Stability Mechanism
European Stability Mechanism
European University Institute
European University Institute
Unified Patent Court
Unified Patent Court
Agencies, decentralised independent bodies and joint undertakings
Decentralised agencies of the EU
Single market agencies
CFSP agencies
AFSC agencies
ESFS European Supervisory Authorities
SRM bodies
Executive agencies of the EU
Euratom agencies
Decentralised independent bodies of the EU
European Institute of Innovation and Technology
European Public Prosecutor's Office
Corporate bodies of the EU
European Data Protection Board
Authority for European Political Parties and European Political Foundations
Joint undertakings
of the EU
of the Euratom
Other independent bodies
European Data Protection Supervisor
European Ombudsman
Advisory bodies
European Committee of the Regions
European Economic and Social Committee
Political and Security Committee
European Union Military Committee
EU/ESA Space Council
Inter-institutional bodies
Publications Office of the European Union
European External Action Service
European Personnel Selection Office
Anti-Fraud Office
European Administrative School
Euratom
Euratom members
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Associated states
Switzerland
United Kingdom
Nuclear power in the European Union
Economic and Monetary Union
Eurozone members
Austria
Belgium
Croatia
Cyprus
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Portugal
Slovakia
Slovenia
Spain
Eurogroup
President
Paschal Donohoe
Other currencies in use
Bulgarian lev
Czech koruna
Danish krone
Hungarian forint
Polish złoty
Romanian leu
Swedish krona
ERM II
Enlargement of the eurozone
Non Euro countries relationship to Euro
Bulgaria
Czechia
Denmark
Hungary
Poland
Sweden
Romania
Schengen Area
Austria
Belgium
Croatia
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Slovakia
Slovenia
Spain
Sweden
Non-EU members
Iceland
Liechtenstein
Norway
Switzerland
Prüm Convention
Schengen Information System
Visa Information System
Visa policy of the Schengen Area
Non-Schengen area EU member states
Bulgaria
Cyprus
Ireland (Opt-out)
Romania
European Economic Area
EEA members
Austria
Belgium
Bulgaria
Croatia (provisional member)
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Non-EU members
Iceland
Liechtenstein
Norway
Topics
EEA Joint Committee
EEA National Identity cards
Microstates and the European Union
Elections
1979, 1984, 1989, 1994 1999, 2004, 2009, 2014
2019 (last election)
European political parties
Constituencies
Elections in EU member states
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Referendums relating to the EU
Law
Acquis
Primacy (ECJ Case 6/64)
Subsidiarity
Regulation
Directive
Decision
Recommendation
Fundamental Rights
Policies and issues
Budget
Customs Union
Free Trade Agreements
European Single Market
Area of FS&J
Policies
Agricultural
Energy
Fisheries
Regional
Citizenship
Passports of the European Union
Identity
Pro-Europeanism
Euroscepticism
European banking union
European Banking Supervision
Single Resolution Mechanism
Capital Markets Union
European System of Financial Supervision
Integration
Supranationalism
European Federation
Multi-speed Europe
Enhanced cooperation
Foreign relations
High Representative
Josep Borrell
Ext. Action Service
Foreign Policy
Defence Policy
Foreign relations of EU member states
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Argentina–European Union relations
Armenia–European Union relations
Australia–European Union relations
Brazil–European Union relations
Canada–European Union relations
China–European Union relations
European Union–NATO relations
Georgia–European Union relations
Iceland–European Union relations
Kazakhstan–European Union relations
Japan–European Union relations
Mexico–European Union relations
Moldova–European Union relations
Norway–European Union relations
Russia–European Union relations
Switzerland–European Union relations
Turkey–European Union relations
Ukraine–European Union relations
United Kingdom–European Union relations (History)
Post-Brexit United Kingdom relations with the European Union
Brexit
United States–European Union relations
Common Travel Area (Ireland)
Microstates and the European Union
European Union and the United Nations
European Union Association Agreement
G7
G20
Defunct bodies
European Communities (1958–1993)
European Coal and Steel Community
European Economic Community
European Community
Western European Union
Convention on the Future of Europe
European Union portal
Other countries
v
t
e
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).
^"Who we are". 18 March 2016.
^"ESM Annual Report 2021" (PDF).
and 28 Related for: European Stability Mechanism information
The EuropeanStabilityMechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for...
Establishing the EuropeanStabilityMechanism was signed by the member states of the eurozone to found the EuropeanStabilityMechanism (ESM), an international...
those of the EuropeanStabilityMechanism. Treasury management services and administrative support are provided to the Facility by the European Investment...
Financial Stability Facility and European Financial StabilityMechanism (replaced by the EuropeanStabilityMechanism from 2013), but this came with conditions...
Marino Vatican City Kos. Mont. The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999...
rate stability. The treaty enters into force on 1 November 1993. The European Monetary Institute is established as the forerunner of the European Central...
The European Union does not set public holidays for its member states. However the European Commission does set public holidays for the employees of the...
the European Union. 23 June 2007. "The European Treaty Amendment for the Creation of a Financial StabilityMechanism (Swedish Institute for European Policy...
letter in the word "Europe" and with 2 parallel lines signifying stability. — Directorate-General for Communication The European Commission also specified...
the Treaty Establishing the EuropeanStabilityMechanism of 2012 establishing the EuropeanStabilityMechanism, the European Fiscal Compact of 2012 on fiscal...
out of X". v t e European Financial Stability Facility EuropeanStabilityMechanismEuropean Fiscal Union List of acronyms: European sovereign-debt crisis...
European Investment Bank Group entities, the European University Institute, the EuropeanStabilityMechanism and the Unified Patent Court) or as bodies...
Bank Group entities, the European University Institute, the EuropeanStabilityMechanism or the Unified Patent Court) other EU institutions other EU bodies...
for the EuropeanStabilityMechanism to make the same transition by 2025. The European Defence Initiative was a proposal for enhanced European Union defence...
holders of the Argentine bonds that went into default in 2001. The EuropeanStabilityMechanism (ESM) has been installed in order to help out countries of the...
creating a zone of monetary stability. As part of the EMS, the EEC established the first European Exchange Rate Mechanism (ERM) which calculated exchange...
eligible to apply for bailout money from the EuropeanStabilityMechanism (ESM). Although the European Fiscal Compact was negotiated between 25 of the...
'Capital Markets Union'). They also want to develop the EuropeanStabilityMechanism into a full European Monetary Fund that would redistribute wealth from...
epsilon (Є), with the first letter in the word "Europe" and with 2 parallel lines signifying stability. — European Union The official story of the design history...
The European Commission (EC) is part of the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission...
European Investment Bank, the European Investment Fund, the EuropeanStabilityMechanism, Eurostat, as well as other European Commission departments and...
Europe East-Central Europe Eastern Europe Eastern European Group European Union EuroVoc Regions of Europe Southeast Europe Three Seas Initiative Visegrád...
The Stability and Growth Pact (SGP) is an agreement, among all the 27 member states of the European Union, to facilitate and maintain the stability of...
The president of the European Central Bank is the head of the European Central Bank (ECB), the main institution responsible for the management of the...
The European Parliament (EP) is one of the legislative bodies of the European Union and one of its seven institutions. Together with the Council of the...
international entities, such as the European Investment Bank, the European University Institute, the EuropeanStabilityMechanism, and the Unified Patent Court...
1994, that comprises the European Union and EFTA, except for Switzerland. EFC 1. European Fiscal Compact (also Fiscal Stability Treaty, or FST): treaty...