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.

All labels observed (4)

How this entity was disambiguated

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 ⓘ
adoptedInCity Brussels ⓘ
linked to: Brussels, Belgium
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 ⓘ
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 ⓘ
geographicalScope European Union ⓘ
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 ⓘ
languageOfTitle English ⓘ
legalBasis Treaty on European Union ⓘ
Treaty on the Functioning of the European Union ⓘ
legalEffect amendment of primary EU law ⓘ
linkedInstrument Treaty establishing the European Stability Mechanism ⓘ
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 ⓘ
requires ratification by all Member States in accordance with their constitutional requirements ⓘ
shortName Decision 2011/199/EU ⓘ
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 ⓘ

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 → wasEnabledBy → European Council Decision 2011/199/EU ⓘ
European Council Decision 2011/199/EU → 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 ⓘ
linked to: European Council Decision 2011/199/EU
European Council Decision 2011/199/EU → shortName → Decision 2011/199/EU ⓘ
linked to: European Council Decision 2011/199/EU
European Council Decision 2011/199/EU → instrumentType → European Council decision adopted under simplified revision procedure ⓘ
linked to: European Council Decision 2011/199/EU