Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/European_Stability_Mechanism> ?p ?o }
- European_Stability_Mechanism abstract "The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operate 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 replaces two earlier temporary EU funding programmes: the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). All new bailouts for any eurozone member state will now be covered by ESM, while the EFSF and EFSM will continue to handle money transfers and programme monitoring for the previously approved bailout loans to Ireland, Portugal and Greece.The Treaty Establishing the European Stability Mechanism stipulated that the organization would be established if member states representing 90% of its capital requirements ratified the founding treaty. This threshold was surpassed with Germany's completion of the ratification process on 27 September 2012, which brought the treaty into force on that date for sixteen of the seventeen members of the eurozone. The remaining state, Estonia, which had only committed 0.19% of the capital, completed its ratification on 4 October 2012. A separate treaty, amending Article 136 of the Treaty on the Functioning of the European Union (TFEU) to authorize the establishment of the ESM under EU law, was planned to enter into force on 1 January 2013. However, the last of the then-27 European Union member states to complete their ratification of this amendment, the Czech Republic, did not do so until 23 April 2013, postponing its entry into force until 1 May 2013.The ESM commenced its operations after an inaugural meeting on 8 October 2012. The first 40% of the paid-in capital was transferred by all ESM member states ahead of a treaty regulated deadline of 12 October 2012. ESM member states can apply for a bailout if they are in financial difficulty or their financial sector is a stability threat in need of recapitalization. ESM bailouts are conditional on member states first signing a Memorandum of Understanding (MoU), outlining a programme for the needed reforms or fiscal consolidation to be implemented in order to restore the financial stability. Another precondition for receiving an ESM bailout is that the member state must have ratified the European Fiscal Compact. When applying for ESM support, the country in concern is analyzed and evaluated on all relevant financial stability matters by the so-called Troika (European Commission, ECB and IMF) in order to decide which of its five different kinds of support programmes should be offered. As of April 2013, the ESM has approved two Financial Assistance Facility Agreement (FAFA) programmes, with up till €100bn earmarked for recapitalization of Spanish Banks, and €9bn in disbursements for Cyprus for a sovereign state bailout programme. The Cyprus bank recapitalization was funded by converting bank deposits into equity.".
- European_Stability_Mechanism formationDate "2012-09-27".
- European_Stability_Mechanism formationYear "2012".
- European_Stability_Mechanism headquarter Luxembourg.
- European_Stability_Mechanism headquarter Luxembourg_City.
- European_Stability_Mechanism leaderFunction European_Stability_Mechanism__1.
- European_Stability_Mechanism leaderFunction European_Stability_Mechanism__2.
- European_Stability_Mechanism leaderFunction European_Stability_Mechanism__3.
- European_Stability_Mechanism leaderFunction European_Stability_Mechanism__4.
- European_Stability_Mechanism membership "19 (all Member States of theeurozone)".
- European_Stability_Mechanism numberOfStaff "122".
- European_Stability_Mechanism status "Treaty Establishing the European Stability Mechanism".
- European_Stability_Mechanism thumbnail ESM_member_states.svg?width=300.
- European_Stability_Mechanism type Intergovernmental_organization.
- European_Stability_Mechanism wikiPageExternalLink 2011-07-11-esm-treaty_en.htm.
- European_Stability_Mechanism wikiPageExternalLink europaeischer_stabilitaetsmechanismus.pdf.
- European_Stability_Mechanism wikiPageExternalLink www.esm.europa.eu.
- European_Stability_Mechanism wikiPageExternalLink www.esm.europa.eu.
- European_Stability_Mechanism wikiPageExternalLink 05-tesm2.en12.pdf.
- European_Stability_Mechanism wikiPageID "31277859".
- European_Stability_Mechanism wikiPageLength "41854".
- European_Stability_Mechanism wikiPageOutDegree "112".
- European_Stability_Mechanism wikiPageRevisionID "705979341".
- European_Stability_Mechanism wikiPageWikiLink Bailout.
- European_Stability_Mechanism wikiPageWikiLink Budget.
- European_Stability_Mechanism wikiPageWikiLink Capital_requirement.
- European_Stability_Mechanism wikiPageWikiLink Category:2012_establishments_in_the_European_Union.
- European_Stability_Mechanism wikiPageWikiLink Category:Eurozone.
- European_Stability_Mechanism wikiPageWikiLink Category:International_finance_institutions.
- European_Stability_Mechanism wikiPageWikiLink Category:International_organizations_of_Europe.
- European_Stability_Mechanism wikiPageWikiLink Category:Multi-speed_Europe.
- European_Stability_Mechanism wikiPageWikiLink Category:Organisations_based_in_Luxembourg_(city).
- European_Stability_Mechanism wikiPageWikiLink Category:Organizations_established_in_2012.
- European_Stability_Mechanism wikiPageWikiLink Category:Policy_and_political_reactions_to_the_Eurozone_crisis.
- European_Stability_Mechanism wikiPageWikiLink Centre_Party_(Finland).
- European_Stability_Mechanism wikiPageWikiLink Chief_executive_officer.
- European_Stability_Mechanism wikiPageWikiLink Christian_Social_Union_in_Bavaria.
- European_Stability_Mechanism wikiPageWikiLink Czech_Republic.
- European_Stability_Mechanism wikiPageWikiLink Debt-to-GDP_ratio.
- European_Stability_Mechanism wikiPageWikiLink Economic_and_Financial_Affairs_Council.
- European_Stability_Mechanism wikiPageWikiLink Economic_and_Monetary_Union_of_the_European_Union.
- European_Stability_Mechanism wikiPageWikiLink Enabling_Act_of_1933.
- European_Stability_Mechanism wikiPageWikiLink Estonian_Centre_Party.
- European_Stability_Mechanism wikiPageWikiLink Eurogroup.
- European_Stability_Mechanism wikiPageWikiLink European_Central_Bank.
- European_Stability_Mechanism wikiPageWikiLink European_Commission.
- European_Stability_Mechanism wikiPageWikiLink European_Council.
- European_Stability_Mechanism wikiPageWikiLink European_Court_of_Justice.
- European_Stability_Mechanism wikiPageWikiLink European_Financial_Stabilisation_Mechanism.
- European_Stability_Mechanism wikiPageWikiLink European_Financial_Stability_Facility.
- European_Stability_Mechanism wikiPageWikiLink European_Fiscal_Compact.
- European_Stability_Mechanism wikiPageWikiLink European_Union_law.
- European_Stability_Mechanism wikiPageWikiLink European_debt_crisis.
- European_Stability_Mechanism wikiPageWikiLink Eurozone.
- European_Stability_Mechanism wikiPageWikiLink Finance_minister.
- European_Stability_Mechanism wikiPageWikiLink Finns_Party.
- European_Stability_Mechanism wikiPageWikiLink Fiscal_policy.
- European_Stability_Mechanism wikiPageWikiLink Free_Democratic_Party_(Germany).
- European_Stability_Mechanism wikiPageWikiLink Freedom_and_Solidarity.
- European_Stability_Mechanism wikiPageWikiLink Intergovernmental_organization.
- European_Stability_Mechanism wikiPageWikiLink International_Monetary_Fund.
- European_Stability_Mechanism wikiPageWikiLink Jean-Claude_Juncker.
- European_Stability_Mechanism wikiPageWikiLink Jean-Luc_Mélenchon.
- European_Stability_Mechanism wikiPageWikiLink Jeroen_Dijsselbloem.
- European_Stability_Mechanism wikiPageWikiLink Klaus_Regling.
- European_Stability_Mechanism wikiPageWikiLink Latvian_euro_coins.
- European_Stability_Mechanism wikiPageWikiLink Left_Front_(France).
- European_Stability_Mechanism wikiPageWikiLink List_of_acronyms_associated_with_the_Eurozone_crisis.
- European_Stability_Mechanism wikiPageWikiLink List_of_countries_by_GDP_(nominal).
- European_Stability_Mechanism wikiPageWikiLink List_of_systemically_important_banks.
- European_Stability_Mechanism wikiPageWikiLink Lithuania.
- European_Stability_Mechanism wikiPageWikiLink Luxembourg.
- European_Stability_Mechanism wikiPageWikiLink Luxembourg_City.
- European_Stability_Mechanism wikiPageWikiLink Maiden_Lane_Transactions.
- European_Stability_Mechanism wikiPageWikiLink Member_state_of_the_European_Union.
- European_Stability_Mechanism wikiPageWikiLink Memorandum_of_understanding.
- European_Stability_Mechanism wikiPageWikiLink National_Democratic_Party_of_Germany.
- European_Stability_Mechanism wikiPageWikiLink Nicolas_Sarkozy.
- European_Stability_Mechanism wikiPageWikiLink Orthodoxy.
- European_Stability_Mechanism wikiPageWikiLink Outright_Monetary_Transactions.
- European_Stability_Mechanism wikiPageWikiLink Paid_in_capital.
- European_Stability_Mechanism wikiPageWikiLink Party_for_Freedom.
- European_Stability_Mechanism wikiPageWikiLink Pirate_Party_Germany.
- European_Stability_Mechanism wikiPageWikiLink Prerogative.
- European_Stability_Mechanism wikiPageWikiLink President_of_France.
- European_Stability_Mechanism wikiPageWikiLink Public_international_law.
- European_Stability_Mechanism wikiPageWikiLink Regulation.
- European_Stability_Mechanism wikiPageWikiLink Riigikogu.
- European_Stability_Mechanism wikiPageWikiLink Single_Resolution_Mechanism.
- European_Stability_Mechanism wikiPageWikiLink Single_Supervisory_Mechanism.
- European_Stability_Mechanism wikiPageWikiLink Socialist_Party.
- European_Stability_Mechanism wikiPageWikiLink Term_(time).
- European_Stability_Mechanism wikiPageWikiLink Term_Asset-Backed_Securities_Loan_Facility.
- European_Stability_Mechanism wikiPageWikiLink The_Left_(Germany).
- European_Stability_Mechanism wikiPageWikiLink Treaties_of_the_European_Union.
- European_Stability_Mechanism wikiPageWikiLink Treaty_Establishing_the_European_Stability_Mechanism.
- European_Stability_Mechanism wikiPageWikiLink Treaty_of_Lisbon.
- European_Stability_Mechanism wikiPageWikiLink Treaty_on_the_Functioning_of_the_European_Union.
- European_Stability_Mechanism wikiPageWikiLink Troubled_Asset_Relief_Program.
- European_Stability_Mechanism wikiPageWikiLink World_Pensions_&_Investments_Forum.