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European Stability Mechanism

2012 establishments in the European UnionEuropean Union organisations based in LuxembourgEurozoneInternational finance institutionsInternational organizations based in Europe
Multi-speed EuropeOrganizations established in 2012Policy and political reactions to the Eurozone crisis
ESM member states
ESM member states

The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates 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. It has replaced two earlier temporary EU funding programmes: the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM).

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European Stability Mechanism
Circuit de la Foire Internationale, Luxembourg Kirchberg

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N 49.63529 ° E 6.1684 °
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Circuit de la Foire Internationale
2554 Luxembourg, Kirchberg
Luxembourg
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ESM member states
ESM member states
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