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Erschienen in:
2015 | OriginalPaper | Buchkapitel
Guarantees in Favour of the ESM
verfasst von : Fabio Bassan, Carlo D. Mottura
Erschienen in: From Saviour to Guarantor
Verlag: Palgrave Macmillan UK
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The ESM finds the resources on the market to provide aid to European States in difficulty. Further, it has adopted enforcement guidelines to govern its intervention procedures. Similar to the EFSF, the Member States of the ESM which request financial assistance are required to comply with the restrictions imposed by the programme according to the ESM’s Treaty and its specific agreements: the memorandum of understanding (MoU) and the specific financial assistance facility agreement (FFA).