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.
All labels observed (2)
| Label | Occurrences |
|---|---|
| European Stability Mechanism canonical | 16 |
| European financial stability mechanism | 1 |
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, Luxembourg
ⓘ
surface form:
Luxembourg City
|
| memberOf | euro area ⓘ |
| objective | ensure financial stability of the monetary union ⓘ |
| partOf | euro area crisis management framework ⓘ |
| predecessor |
European Financial Stability Facility
ⓘ
surface form:
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 |
Eurogroup
ⓘ
surface form:
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 (17)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Luxembourg City
subject surface form:
Board of Governors of the European Stability Mechanism
subject surface form:
Board of Directors of the European Stability Mechanism
subject surface form:
Board of Directors of the European Stability Mechanism
this entity surface form:
European financial stability mechanism
subject surface form:
Economic and Monetary Union of the European Union