ESM - European Stability Mechanism Email Format

Government AdministrationLuxembourg, Luxembourg201-500 Employees

The European Stability Mechanism functions as the euro area's crisis-resolution framework, providing financial support to member governments during times of distress. It raises funds by issuing debt instruments to finance loans and other forms of financial assistance, with the aim of stabilizing economies and financial markets in euro-area states. Based in Luxembourg, the ESM traces its origins to a December 2010 decision by the European Council and to an intergovernmental treaty signed in February 2012, with operations beginning in October 2012. The organization employs a workforce in the hundreds and sits within the Government Administration sector. Its clients are euro-area member states seeking financial support to address crises and maintain financial stability.

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