European Stability Mechanism
E17556
eurozone institution
intergovernmental financial institution
international financial institution
treaty-based organization
The European Stability Mechanism is an intergovernmental financial institution of eurozone countries that provides financial assistance to member states in economic or financial distress to safeguard stability in the monetary union.
Statements (66)
| Predicate | Object |
|---|---|
| instanceOf |
eurozone institution
→
intergovernmental financial institution → international financial institution → treaty-based organization → |
| cameIntoForce |
2012
→
|
| capitalStructure |
authorised capital stock
→
|
| capitalType |
callable capital
→
paid-in capital → |
| country |
Luxembourg
→
|
| currency |
euro
→
|
| foundedBy |
euro area member states
→
|
| governedBy |
Board of Directors
→
Board of Governors → |
| hasInstrument |
bank recapitalisation instruments
→
direct bank recapitalisation (now discontinued for new cases) → indirect bank recapitalisation → loans → precautionary financial assistance → primary market purchases of sovereign bonds → secondary market purchases of sovereign bonds → |
| hasManagingDirector |
Klaus Regling
→
|
| hasMember |
Austria
→
Belgium → Croatia → Cyprus → Estonia → Finland → France → Germany → Greece → Ireland → Italy → Latvia → Lithuania → Luxembourg → Malta → Netherlands → Portugal → Slovakia → Slovenia → Spain → |
| headedBy |
Managing Director
→
|
| language |
English
→
French → German → |
| legalBasis |
Treaty Establishing the European Stability Mechanism
→
|
| locatedIn |
Luxembourg City
→
|
| memberOf |
euro area
→
|
| objective |
ensure financial stability of the monetary union
→
|
| partOf |
euro area crisis management framework
→
|
| predecessor |
European Financial Stabilisation Mechanism
→
European Financial Stability Facility → |
| purpose |
provide financial assistance to euro area member states in distress
→
safeguard financial stability of the euro area → support countries experiencing severe financing problems → |
| regionServed |
European Union
→
euro area → |
| replaced |
temporary crisis resolution mechanisms of the euro area
→
|
| shortName |
ESM
→
|
| supervisedBy |
euro area finance ministers
→
|
| treatySigned |
2012
→
|
| votingSystem |
weighted voting based on capital subscription
→
|
| website |
https://www.esm.europa.eu
→
|
| worksWith |
European Central Bank
→
European Commission → International Monetary Fund → |
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
Eurogroup Working Group
→
|
affiliatedWith |
|
President of the Eurogroup
→
|
associatedWith |
|
European Union economic and monetary union
→
|
hasComponent |
|
Eurozone
→
|
hasInstitution |
|
Eurogroup Working Group
→
|
hasObserver |
|
Luxembourg City
→
|
isSeatOf |