Treaty Establishing the European Stability Mechanism
E97870
The Treaty Establishing the European Stability Mechanism is an international agreement among euro area member states that created the permanent bailout fund designed to safeguard financial stability in the eurozone.
All labels observed (4)
How this entity was disambiguated
This entity first appeared as the object of triple T811610 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Treaty Establishing the European Stability Mechanism Context triple: [European Stability Mechanism, legalBasis, Treaty Establishing the European Stability Mechanism]
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A.
Statute of the European System of Central Banks and of the European Central Bank
The Statute of the European System of Central Banks and of the European Central Bank is a foundational legal framework of the European Union that defines the structure, mandate, and operational rules of the ECB and national central banks in conducting monetary policy for the euro area.
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B.
European Stability Mechanism
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.
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C.
Treaty of Lisbon
The Treaty of Lisbon is a 2007 agreement that reformed the European Union’s institutional structure and decision-making processes, enhancing its efficiency, democratic legitimacy, and coherence in external action.
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D.
Treaty on the Functioning of the European Union
The Treaty on the Functioning of the European Union is one of the EU’s primary founding treaties, setting out its institutional framework, policy competences, and detailed rules governing the functioning of the Union’s internal market and other key areas.
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E.
Treaty of Rome
The Treaty of Rome is a 1957 international agreement that established the European Economic Community, laying a foundational step toward today’s European Union and its single market.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Treaty Establishing the European Stability Mechanism Target entity description: The Treaty Establishing the European Stability Mechanism is an international agreement among euro area member states that created the permanent bailout fund designed to safeguard financial stability in the eurozone.
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A.
Statute of the European System of Central Banks and of the European Central Bank
The Statute of the European System of Central Banks and of the European Central Bank is a foundational legal framework of the European Union that defines the structure, mandate, and operational rules of the ECB and national central banks in conducting monetary policy for the euro area.
-
B.
European Stability Mechanism
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.
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C.
Treaty of Lisbon
The Treaty of Lisbon is a 2007 agreement that reformed the European Union’s institutional structure and decision-making processes, enhancing its efficiency, democratic legitimacy, and coherence in external action.
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D.
Treaty on the Functioning of the European Union
The Treaty on the Functioning of the European Union is one of the EU’s primary founding treaties, setting out its institutional framework, policy competences, and detailed rules governing the functioning of the Union’s internal market and other key areas.
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E.
Treaty of Rome
The Treaty of Rome is a 1957 international agreement that established the European Economic Community, laying a foundational step toward today’s European Union and its single market.
- F. None of above. chosen
Statements (62)
| Predicate | Object |
|---|---|
| instanceOf |
founding treaty
ⓘ
intergovernmental agreement ⓘ international treaty ⓘ |
| allocatesCapitalAccordingTo | European Central Bank capital key (adjusted to euro area members) ⓘ |
| appliesTo |
euro area member states
ⓘ
Eurozone ⓘ
surface form:
eurozone
|
| cameIntoOperationOn | 2012-10-08 ⓘ |
| conditionalityImplementedWith | macroeconomic adjustment programmes ⓘ |
| containsProvision |
emergency voting procedure with qualified majority
ⓘ
irrevocable and unconditional capital subscription by members ⓘ preferred creditor status for the European Stability Mechanism ⓘ unanimity voting for key decisions in the Board of Governors ⓘ |
| cooperatesWith |
European Central Bank
ⓘ
European Commission ⓘ International Monetary Fund ⓘ |
| creates | permanent crisis resolution mechanism for the euro area ⓘ |
| definesInstitution |
Board of Governors of the European Stability Mechanism
ⓘ
surface form:
Board of Directors of the European Stability Mechanism
Board of Governors of the European Stability Mechanism ⓘ Managing Director of the European Stability Mechanism ⓘ |
| enteredIntoForceOn | 2012-09-27 ⓘ |
| establishes | European Stability Mechanism ⓘ |
| hasDepositary |
General Secretariat of the Council
ⓘ
surface form:
General Secretariat of the Council of the European Union
|
| hasLegalBasis | Article 136(3) of the Treaty on the Functioning of the European Union ⓘ |
| hasOriginalSignatories |
Austria
ⓘ
Belgium ⓘ Cyprus ⓘ Estonia ⓘ Euro area member states at time of signature ⓘ Finland ⓘ France ⓘ Germany ⓘ Greece ⓘ Ireland ⓘ Italy ⓘ Luxembourg ⓘ Malta ⓘ Netherlands ⓘ Portugal ⓘ Slovakia ⓘ Slovenia ⓘ Spain ⓘ |
| hasPurpose |
provide financial assistance to euro area member states experiencing or threatened by severe financing problems
ⓘ
safeguard financial stability in the euro area ⓘ |
| hasShortName |
Treaty Establishing the European Stability Mechanism
self-linksurface differs
ⓘ
surface form:
ESM Treaty
|
| language | all official languages of the European Union ⓘ |
| providesInstrument |
loans for bank recapitalisation via member states
ⓘ
loans to member states ⓘ precautionary financial assistance ⓘ primary market purchases of sovereign bonds ⓘ secondary market purchases of sovereign bonds ⓘ |
| region | European Union ⓘ |
| replaces |
European Financial Stability Facility
ⓘ
surface form:
European Financial Stabilisation Mechanism (as main euro area bailout tool)
European Financial Stability Facility ⓘ
surface form:
temporary European Financial Stability Facility
|
| requires | strict conditionality attached to financial assistance ⓘ |
| setsAuthorizedCapitalStock | 700000000000 EUR ⓘ |
| setsPaidInCapital | 80000000000 EUR ⓘ |
| signedAt |
Brussels, Belgium
ⓘ
surface form:
Brussels
|
| signedOn | 2012-02-02 ⓘ |
| subjectMatter |
economic and monetary union
ⓘ
financial stability ⓘ sovereign debt crisis management ⓘ |
| wasEnabledBy | European Council Decision 2011/199/EU ⓘ |
How these facts were elicited
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Subject: Treaty Establishing the European Stability Mechanism Description of subject: The Treaty Establishing the European Stability Mechanism is an international agreement among euro area member states that created the permanent bailout fund designed to safeguard financial stability in the eurozone.
Referenced by (8)
Full triples — surface form annotated when it differs from this entity's canonical label.