Matches in DBpedia 2014 for { <http://dbpedia.org/resource/European_Stability_Mechanism> ?p ?o. }
- European_Stability_Mechanism abstract "The European Stability Mechanism (ESM) is an international organisation located in Luxembourg which was established on 27 September 2012 as a permanent firewall for the eurozone to safeguard and provide instant access to financial assistance programs for member states of the eurozone in financial difficulty, with a maximum lending capacity of €500 billion. It replaced 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 program 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) programs, with up till €100bn earmarked for recapitalization of Spanish Banks, and €9bn in disbursements for Cyprus for a combined sovereign state bailout program and financial sector recapitalization program.".
- 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 "18 (All Member States of the eurozone)".
- European_Stability_Mechanism numberOfStaff "70".
- 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 wikiPageRevisionID "599468221".
- European_Stability_Mechanism caption "Distribution of contributions".
- European_Stability_Mechanism caption "Logo of the ESM".
- European_Stability_Mechanism formation "2012-09-27".
- European_Stability_Mechanism hasPhotoCollection European_Stability_Mechanism.
- European_Stability_Mechanism headquarters Luxembourg.
- European_Stability_Mechanism headquarters Luxembourg_(city).
- European_Stability_Mechanism label "Austria".
- European_Stability_Mechanism label "Belgium".
- European_Stability_Mechanism label "Cyprus".
- European_Stability_Mechanism label "Estonia".
- European_Stability_Mechanism label "Finland".
- European_Stability_Mechanism label "France".
- European_Stability_Mechanism label "Germany".
- European_Stability_Mechanism label "Greece".
- European_Stability_Mechanism label "Ireland".
- European_Stability_Mechanism label "Italy".
- European_Stability_Mechanism label "Luxemburg".
- European_Stability_Mechanism label "Malta".
- European_Stability_Mechanism label "Netherlands".
- European_Stability_Mechanism label "Portugal".
- European_Stability_Mechanism label "Slovakia".
- European_Stability_Mechanism label "Slovenia".
- European_Stability_Mechanism label "Spain".
- European_Stability_Mechanism leaderName Jeroen_Dijsselbloem.
- European_Stability_Mechanism leaderName Klaus_Regling.
- European_Stability_Mechanism leaderName "Board of Directors".
- European_Stability_Mechanism leaderName "Board of Governors".
- European_Stability_Mechanism leaderTitle Chief_executive_officer.
- European_Stability_Mechanism leaderTitle "Organs".
- European_Stability_Mechanism leaderTitle "President of the Board of Governors".
- European_Stability_Mechanism map "ESM member states.svg".
- European_Stability_Mechanism membership "18".
- European_Stability_Mechanism name "European Stability Mechanism".
- European_Stability_Mechanism numStaff "around 70".
- European_Stability_Mechanism other "no".
- European_Stability_Mechanism size "195".
- European_Stability_Mechanism status Treaty_Establishing_the_European_Stability_Mechanism.
- European_Stability_Mechanism type Intergovernmental_organization.
- European_Stability_Mechanism value "0.0731".
- European_Stability_Mechanism value "0.186".
- European_Stability_Mechanism value "0.1962".
- European_Stability_Mechanism value "0.2504".
- European_Stability_Mechanism value "0.4276".
- European_Stability_Mechanism value "0.824".
- European_Stability_Mechanism value "1.5922".
- European_Stability_Mechanism value "1.7974".
- European_Stability_Mechanism value "11.9037".
- European_Stability_Mechanism value "17.9137".
- European_Stability_Mechanism value "2.5092".
- European_Stability_Mechanism value "2.7834".
- European_Stability_Mechanism value "2.8167".
- European_Stability_Mechanism value "20.3859".
- European_Stability_Mechanism value "27.1464".
- European_Stability_Mechanism value "3.4771".
- European_Stability_Mechanism value "5.717".
- European_Stability_Mechanism website www.esm.europa.eu.
- European_Stability_Mechanism subject Category:2012_establishments_in_the_European_Union.
- European_Stability_Mechanism subject Category:Eurozone_fiscal_matters.
- European_Stability_Mechanism subject Category:International_finance_institutions.
- European_Stability_Mechanism subject Category:International_organizations_of_Europe.
- European_Stability_Mechanism subject Category:Multi-speed_Europe.
- European_Stability_Mechanism subject Category:Organisations_based_in_Luxembourg_(city).
- European_Stability_Mechanism subject Category:Organizations_established_in_2012.
- European_Stability_Mechanism subject Category:Policy_and_political_reactions_to_the_Eurozone_crisis.
- European_Stability_Mechanism point "49.63529 6.1684".
- European_Stability_Mechanism type Abstraction100002137.
- European_Stability_Mechanism type Agreement106770275.
- European_Stability_Mechanism type Attribute100024264.
- European_Stability_Mechanism type CognitiveState105669934.
- European_Stability_Mechanism type Communication100033020.
- European_Stability_Mechanism type Concern105670710.
- European_Stability_Mechanism type Condition113920835.
- European_Stability_Mechanism type Curiosity105682570.
- European_Stability_Mechanism type Document106470073.
- European_Stability_Mechanism type EurozoneFiscalMatters.
- European_Stability_Mechanism type Interest105682950.
- European_Stability_Mechanism type LegalDocument106479665.
- European_Stability_Mechanism type Matter105671325.
- European_Stability_Mechanism type Message106598915.