Loquis: European Stability Mechanism

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European Stability Mechanism


Published on:  2018-09-24 17:57:00


The European Stability Mechanism is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone Member States having ratified a special 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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