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gptkbp:instance_of
|
gptkb:financial_institutions
|
|
gptkbp:annual_report
|
published
published for transparency
|
|
gptkbp:assistance_eligibility
|
based on economic criteria
|
|
gptkbp:assistance_programs
|
tailored to individual countries
|
|
gptkbp:budget
|
€1 billion (approx.)
|
|
gptkbp:capital
|
€700 billion
|
|
gptkbp:collaboration
|
gptkb:European_Commission
gptkb:International_Monetary_Fund
|
|
gptkbp:collateral_requirements
|
for loans
|
|
gptkbp:community_impact
|
complementary to EU policies
|
|
gptkbp:condition
|
economic reforms
economic reforms for assistance
|
|
gptkbp:crisis_resolution_mechanism
|
established for Eurozone
|
|
gptkbp:debt_sustainability
|
assessed before assistance
ensures for recipient countries
|
|
gptkbp:decided_by
|
gptkb:Board_of_Supervisors
|
|
gptkbp:director
|
gptkb:Klaus_Regling
|
|
gptkbp:economic_impact
|
stabilizing effect
|
|
gptkbp:emergency_funding
|
available to member states
|
|
gptkbp:established
|
gptkb:2012
|
|
gptkbp:financial_aid
|
provided to Cyprus
provided to Greece
provided to Ireland
provided to Portugal
provided to Spain
|
|
gptkbp:financial_assistance_conditions
|
structural reforms
strict monitoring
fiscal consolidation
economic adjustment programs
|
|
gptkbp:financial_assistance_types
|
loans
direct bank recapitalization
precautionary credit lines
|
|
gptkbp:financial_stability
|
published regularly
promoted in the Eurozone
contributes to the Eurozone
crucial in the Eurozone
promotes in the Eurozone
|
|
gptkbp:financials
|
loans
bonds
guarantees
bonds and loans
|
|
gptkbp:first_loan
|
gptkb:Greece
|
|
gptkbp:first_loan_recipient
|
gptkb:Ireland
|
|
gptkbp:funding
|
capital markets
capital contributions from member states
€500 billion available for loans
|
|
gptkbp:governance
|
gptkb:non-profit_organization
enhanced in the Eurozone
Board of Governors and Managing Director
|
|
gptkbp:governed_by
|
gptkb:European_Union
|
|
gptkbp:has_conflict_with
|
financial stability in the Eurozone
preventing financial crises in the Eurozone
economic stability in the Eurozone
in the Eurozone
|
|
gptkbp:headquarters
|
gptkb:Luxembourg
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
European Stability Mechanism
|
|
gptkbp:impact_on_member_states
|
supports economic recovery
improves market confidence
reduces borrowing costs
|
|
gptkbp:is_a_basis_for
|
gptkb:Treaty_establishing_the_European_Stability_Mechanism
|
|
gptkbp:is_monitored_by
|
economic policies of member states
|
|
gptkbp:legal_framework
|
gptkb:European_Union
|
|
gptkbp:legal_personality
|
yes
|
|
gptkbp:members
|
Eurozone countries
|
|
gptkbp:mentor
|
gptkb:European_Central_Bank
|
|
gptkbp:operational_since
|
October 2012
|
|
gptkbp:primary_function
|
providing loans, purchasing bonds, and recapitalizing banks
|
|
gptkbp:purpose
|
provide financial assistance to Eurozone countries
|
|
gptkbp:reform
|
submitted by member states
in recipient countries
|
|
gptkbp:relationship_with_ecb
|
gptkb:cooperative
|
|
gptkbp:relationship_with_imf
|
collaborative
cooperation on programs
|
|
gptkbp:repayment_terms
|
negotiated with member states
|
|
gptkbp:replaces
|
gptkb:European_Financial_Stability_Facility
|
|
gptkbp:risk-sharing
|
among member states
|
|
gptkbp:risk-sharing_mechanism
|
for member states
|
|
gptkbp:second_loan_recipient
|
gptkb:Portugal
|
|
gptkbp:supervisory_authority
|
gptkb:European_Central_Bank
|
|
gptkbp:third_loan_recipient
|
gptkb:Greece
|
|
gptkbp:total_disbursements
|
over €200 billion
€300 billion (approx.)
|
|
gptkbp:transparency_measures
|
implemented for accountability
|
|
gptkbp:bfsParent
|
gptkb:Eurozone
gptkb:The_Eurozone
|
|
gptkbp:bfsLayer
|
4
|