Treaty Establishing The European Stability Mechanism

Original Language Title: Vertrag zur Einrichtung des Europäischen Stabilitätsmechanismus

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Treaty establishing the European Stability Mechanism between the Kingdom of Belgium, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic, the Italian Republic, Republic of Cyprus, the Grand Duchy of Luxembourg, the Grand Duchy of Luxembourg, Malta, the Kingdom of the Netherlands, the Republic of Austria, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic and the Republic of Finland

[Contract text in German language version see annexes]

The instrument of ratification signed by the President of the Federal Republic of Germany and signed by the Federal Chancellor was deposited with the Secretary-General of the Council of the European Union on 30 July 2012; the Treaty therefore enters into force in accordance with Article 48 (1) of the Treaty. 27 September 2012 will be in force.

According to the note by the Secretary-General of the Council of the European Union, the following other States have ratified, adopted or approved the Treaty:

Belgium, Germany, Finland, France, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, Cyprus.

In addition, the representatives of the Contracting Parties, which met in Brussels on 27 September 2012, have agreed to the following declaration of interpretation:

Article 8 (5) of the Treaty establishing the European Stability Mechanism (hereinafter referred to as 'the Treaty') limits all payment obligations of the ESM Members from the Treaty in the sense that no provision of the Treaty shall be interpreted in such a way as to ensure that no provision of the Treaty is laid down. , it may, without the prior consent of the representative of the Member and take into account the national procedures, result in a payment obligation which shall reflect the share of the authorised capital of the respective ESM Member in accordance with the definition in Annex II to the Treaty.

Article 32 (5), Article 34 and Article 35 (1) of the Treaty do not preclude the provision of full information to the national parliaments in accordance with national rules.

The above-mentioned points constitute an essential basis for the agreement of the contracting states to be bound by the provisions of the Treaty.