CHAIR OF THE COUNCIL OF MINISTERS

Proposal for Resolution No 28 /XII

The Treaty creating the European Stability Mechanism was signed in Brussels in 2

from February 2012, following the meetings of the European Council of December 17

of 2010 and of March 25, 2011, and of the summits of Heads of State or Government of the

Member States of the euro area of July 21, 2011 and December 9, 2011.

This Treaty strengthens the financial stability of the euro area by the creation of

an international financial institution, of a permanent nature, for the provision of

financial assistance to euro area Member States that have, or are at risk

of having serious funding problems.

The European Stability Mechanism will take over the assignments currently committed to the

European Financial Stabilization Mechanism and the European Stability Fund

Financial, of which Portugal is a member and beneficiary State, provisionally instituted

in 2010, and which currently finance the economic and financial adjustment programme a

Portugal.

This Treaty shall, still, contribute to the deepening of the economic pillar of the Union

Economic and Monetary, together with the Treaty on Stability, Coordination and

Governance in the Economic and Monetary Union, signed on March 2, 2012, to the extent

in which, together, they promote budgetary responsibility and solidarity in the area of

euro through a capacity for financial assistance to Member States associated with

budget rules that ensure the sustainability of public finances and a larger

coordination of economic policies.

To that extent, the approval, for ratification, of the Treaty establishing the European Mechanism of

Stability is essential to Portugal's participation in the strengthening of financial stability of the

area of the euro and in the European integration project.

CHAIR OF THE COUNCIL OF MINISTERS

Proposal for Resolution n.

Thus:

Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the

Assembly of the Republic the following motion for a resolution:

Approves the Treaty creating the European Stability Mechanism between the Kingdom of

Belgium, the Federal Republic of Germany, the Republic of Estonia, Ireland, the Republic

Helénica, the Kingdom of Spain, the French Republic, the Italian Republic, the Republic of

Cyprus, 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, signed in Brussels, on February 2, 2012, the text of which

authenticated version in Portuguese language, publishes in attachment.

Seen and approved in Council of Ministers of March 1, 2012

The Prime Minister

The Minister of State and Foreign Affairs

The Deputy Minister and Parliamentary Affairs