Euroopa Stabiilsusmehhanismist

This procedure concerns the European Stability Mechanism (ESM), an intergovernmental organization established by Eurozone member states to provide financial assistance to countries facing severe financing problems. It aims to safeguard the financial stability of the euro area. The ESM plays a crucial role in crisis management within the Eurozone. Its decisions and operations affect member states' economies and fiscal policies, ensuring collective support during financial difficulties.