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European Stability Mechanism

LC control no.n 2019030331
Descriptive conventionsrda
Corporate name headingEuropean Stability Mechanism
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Variant(s)Mecanismo Europeo de Estabilidad
See alsoPredecessor: European Financial Stability Facility
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European Union
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Associated countryEurope
Found inDerecho sindical y gobernanza europea, 2017: p. 7 (Mecanismo Europeo de Estabilidad, or MEDE. Established by treaty in 2012.)
ESM official website, viewed 2019-05-28: European Stability Mechanism, or ESM, is an intergovernmental organization established 2012 as a permanent loan-making entity for EU member states. It replaces the temporary program, European Financial Stability Facility, which continues to exist as an issuer of bonds and to service the pre-ESM loans, but no longer makes new loans.