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.

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AI-generated illustration of Treaty Establishing the European Stability Mechanism

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Treaty Establishing the European Stability Mechanism (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

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 ⓘ
linked to: 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 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 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 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 Stabilisation Mechanism (as main euro area bailout tool) ⓘ
temporary European Financial Stability Facility ⓘ
requires strict conditionality attached to financial assistance ⓘ
setsAuthorizedCapitalStock 700000000000 EUR ⓘ
setsPaidInCapital 80000000000 EUR ⓘ
signedAt Brussels ⓘ
linked to: Brussels, Belgium
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

Referenced by (12)

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

European Stability Mechanism → legalBasis → Treaty Establishing the European Stability Mechanism ⓘ
European Stability Mechanism → treatyBasis → Treaty Establishing the European Stability Mechanism ⓘ
subject linked to: ESM
Treaty Establishing the European Stability Mechanism → hasShortName → ESM Treaty ⓘ
linked to: Treaty Establishing the European Stability Mechanism
Board of Governors of the European Stability Mechanism → legalBasis → Treaty establishing the European Stability Mechanism ⓘ
subject linked to: Board of Governors
linked to: Treaty Establishing the European Stability Mechanism
Board of Governors of the European Stability Mechanism → establishedBy → Treaty establishing the European Stability Mechanism ⓘ
subject linked to: Board of Governors
linked to: Treaty Establishing the European Stability Mechanism
Board of Directors of the European Stability Mechanism → legalBasis → Treaty establishing the European Stability Mechanism ⓘ
subject linked to: Board of Directors
linked to: Treaty Establishing the European Stability Mechanism
Board of Directors of the European Stability Mechanism → compositionDeterminedBy → ESM Treaty ⓘ
subject linked to: Board of Directors
linked to: Treaty Establishing the European Stability Mechanism
Treaties of the Federal Republic of Germany → includes → Treaty on the European Stability Mechanism (ESM) ⓘ
linked to: Treaty Establishing the European Stability Mechanism
European Council Decision 2011/199/EU → linkedInstrument → Treaty establishing the European Stability Mechanism ⓘ
linked to: Treaty Establishing the European Stability Mechanism
Board of Governors of the European Stability Mechanism → legalBasis → Treaty establishing the European Stability Mechanism ⓘ
linked to: Treaty Establishing the European Stability Mechanism
ESM Board of Governors → legalBasis → Treaty establishing the European Stability Mechanism ⓘ
linked to: Treaty Establishing the European Stability Mechanism
Board of Directors of the European Stability Mechanism → hasLegalBasisIn → Treaty Establishing the European Stability Mechanism ⓘ