The ESM is the crisis resolution mechanism for euro area countries. The ESM issues debt instruments in order to finance loans and other forms of financial assistance to euro area Member States.

The decision leading to the creation of the ESM was taken by the European Council in December 2010. The euro area Member States signed an intergovernmental treaty establishing the ESM on 2 February 2012. The ESM was inaugurated on 8 October 2012 and is based in Luxembourg.

Government

ESM - European Stability Mechanism

Pierre Gramegna

Francis Dassyras

Cédric Crelo

Loïc Morand

Laure Salducci

Nicoletta Silvia Mascher

Andreas Jüttner

Gvidas Dominauskas

David Wallace

Vasco Campilho

Adam Ensor

Finance And Investment Team

Economics and Risk Management Team

IT and Security

Legal and Compliance Team

Project and Portfolio Management

Human Resources and Organizational Support Team

Leadership Team

Facilities Management Team

Teams at ESM - European Stability Mechanism