European Stability Mechanism (ESM) - securities given by EU countries
This statistic shows the securities given to the European Stability Mechanism by European countries. Germany has commited 168.3 billion euros in securities which, in comparison to the 620 billion euros planned, equates to around 27.1 percent of the entire fund (according to key ESM contributions).
The European Stability Mechanism (ESM), commonly referred to as the EU "rescue funding programme, was designed to stabilize the European economic and currency union and to avert "state bankruptcy" and any negative consequences to the common currency. It was planned due to debt overload of some of the individual member countries' budgets. The ESM is supposed to contain 620 billion euros of securities and 80 billion euros of cash deposits, and is supposed to be set up by 2013 at the latest.
The European Stability Mechanism (ESM), commonly referred to as the EU "rescue funding programme, was designed to stabilize the European economic and currency union and to avert "state bankruptcy" and any negative consequences to the common currency. It was planned due to debt overload of some of the individual member countries' budgets. The ESM is supposed to contain 620 billion euros of securities and 80 billion euros of cash deposits, and is supposed to be set up by 2013 at the latest.
