Board of Governors of the European Stability Mechanism

E434176

The Board of Governors of the European Stability Mechanism is the institution’s highest decision-making body, composed of euro area finance ministers who oversee its financial assistance operations and strategic direction.

All labels observed (2)

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf decision-making body
governing body
appliesToJurisdiction euro area
composition euro area finance ministers
cooperatesWith Eurogroup NERFINISHED
European Central Bank NERFINISHED
European Commission NERFINISHED
country euro area
decisionMakingMode mutual agreement for key decisions
qualified majority for some decisions
establishedIn 2012
governs use of paid-in capital and callable capital of the European Stability Mechanism
hasAlternate alternate governor for each member state
hasAuthorityOver Board of Directors of the European Stability Mechanism NERFINISHED
hasChairperson President of the Eurogroup
hasMember finance ministers of euro area member states
hasObserver European Central Bank representative
European Commission representative
hasPower to amend the list of financial assistance instruments
to appoint and remove the Managing Director of the European Stability Mechanism
to approve stability support instruments
to approve the annual accounts of the European Stability Mechanism
to approve the annual report of the European Stability Mechanism
to decide on capital increases of the European Stability Mechanism
to grant financial assistance to euro area member states
hasRule one governor per euro area member state
languageUsed English
French
German
legalBasis Treaty establishing the European Stability Mechanism NERFINISHED
locatedIn Luxembourg City NERFINISHED
meetsAt Luxembourg NERFINISHED
meetsFrequency at least once a year or as required
oversees financial assistance programmes for euro area member states
parentOrganization euro area member states
partOf European Stability Mechanism NERFINISHED
reportsTo governments of euro area member states
responsibleFor approval of financial assistance terms and conditions
major policy decisions of the European Stability Mechanism
overall strategic direction of the European Stability Mechanism
role highest decision-making body of the European Stability Mechanism
oversees financial assistance operations of the European Stability Mechanism
sets strategic direction of the European Stability Mechanism
supervises Managing Director of the European Stability Mechanism NERFINISHED
typeOfJurisdiction intergovernmental body

How these facts were elicited

Referenced by (4)

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

Treaty Establishing the European Stability Mechanism definesInstitution Board of Governors of the European Stability Mechanism
Treaty Establishing the European Stability Mechanism definesInstitution Board of Governors of the European Stability Mechanism
this entity surface form: Board of Directors of the European Stability Mechanism
Board of Directors isAccountableTo Board of Governors of the European Stability Mechanism
subject surface form: Board of Directors of the European Stability Mechanism
Board of Directors reportsTo Board of Governors of the European Stability Mechanism
subject surface form: Board of Directors of the European Stability Mechanism