European Council Decision 2011/199/EU

E434175

European Council Decision 2011/199/EU is a legal act of the European Council that amended EU treaties to allow the creation of the European Stability Mechanism, the euro area’s permanent financial assistance fund.

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All labels observed (1)

Label Occurrences
European Council Decision 2011/199/EU canonical 1

Statements (46)

Predicate Object
instanceOf EU legal act
European Council decision
treaty amendment decision
addsProvision new paragraph to Article 136 TFEU on stability mechanism
adoptedBy European Council NERFINISHED
adoptedInCity Brussels NERFINISHED
amends Article 136 of the Treaty on the Functioning of the European Union
applicableTo Member States whose currency is the euro
binding yes
category constitutional amendment of EU treaties
cites Article 136 of the Treaty on the Functioning of the European Union
Article 48(6) of the Treaty on European Union
concernsCurrency euro
context response to the global financial crisis and euro area sovereign debt crisis
createsLegalBasisFor permanent financial assistance fund for euro area
dateAdopted 2011-03-25
enablesCreationOf European Stability Mechanism NERFINISHED
enteredIntoForce after ratification by all Member States
fullName European Council Decision 2011/199/EU of 25 March 2011 amending Article 136 of the Treaty on the Functioning of the European Union with regard to a stability mechanism for Member States whose currency is the euro NERFINISHED
geographicalScope European Union NERFINISHED
euro area
hasNumber 2011/199/EU
institutionalAuthor Heads of State or Government of the Member States whose currency is the euro, meeting within the European Council
instrumentType European Council decision adopted under simplified revision procedure NERFINISHED
languageOfTitle English
legalBasis Treaty on European Union NERFINISHED
Treaty on the Functioning of the European Union
legalEffect amendment of primary EU law
linkedInstrument Treaty establishing the European Stability Mechanism NERFINISHED
objective to safeguard the stability of the euro area as a whole
partOf EU response framework to the euro area crisis
policyArea economic and monetary union
economic governance
financial stability
procedure simplified revision procedure of Article 48(6) TEU
purpose to enable the establishment of a permanent stability mechanism for euro area Member States
to provide a legal basis in primary EU law for the European Stability Mechanism
relatedTo European Stability Mechanism Treaty ratification process
euro area financial stability
sovereign debt crisis in the euro area
temporary European Financial Stability Facility NERFINISHED
requires ratification by all Member States in accordance with their constitutional requirements
shortName Decision 2011/199/EU NERFINISHED
statesThat Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro area as a whole
any financial assistance under the stability mechanism will be subject to strict conditionality
subjectMatter stability mechanism for Member States whose currency is the euro

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Instruction
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Input
Subject: European Council Decision 2011/199/EU
Description of subject: European Council Decision 2011/199/EU is a legal act of the European Council that amended EU treaties to allow the creation of the European Stability Mechanism, the euro area’s permanent financial assistance fund.

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Treaty Establishing the European Stability Mechanism wasEnabledBy European Council Decision 2011/199/EU