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European Stability Mechanism

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POI
Location type: POI
Location address: Luxembourg, Luxembourg
Number of texts: 1
3 stars
Made by wikipedia.org | Reference Ssolbergj | © CC 3.0
Made by wikipedia.org | Reference Wikipedia.org | © CC 3.0

The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operate under public international law for all eurozone Member States having ratified a special ESM intergovernmental treaty. It was established on 27 September 2012 as a permanent firewall for the eurozone, to safeguard and provide instant access to financial assistance programmes for member states of the eurozone in financial difficulty, with a maximum lending capacity of €500 billion.

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