European Stability Mechanism
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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Circuit de la Foire Internationale, Luxembourg Kirchberg
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Geographical coordinates (GPS)
Latitude | Longitude |
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N 49.63529 ° | E 6.1684 ° |
Address
Circuit de la Foire Internationale
2554 Luxembourg, Kirchberg
Luxembourg
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