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The European Green Deal after Corona Implications for EU climate policy
Policy Contribution

On the Tasks of the European Stability Mechanism

by Fabrizia Peirce / Stefano Micossi / Jacopo Carmassi
09 March 2011

On the Tasks of the European Stability Mechanism

Fabrizia Peirce / Stefano Micossi / Jacopo Carmassi

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At its forthcoming spring meeting, on March 24th-25th, the European Council will consider a comprehensive package of measures that can open a new age of European economic governance: one that is truly collective; capable of enforcing economic policy coordination and preventing the build-up of unsustainable imbalances in government as well as private balance sheets; and backed up by credible, quasi-automatic sanctions for any member state posing a threat to collective stability. This CEPS Policy Brief aims to contribute to Council deliberations first by clarifying the proper role of EU financial assistance to member states confronted with sovereign debt crises and second, by outlining the tasks that the new European Stability Mechanism (ESM) should be able to perform in order to put in place an effective and credible crisis management system for both the eurozone and the European Union.


About the Authors


  • Author
    Fabrizia Peirce
    Fabrizia Peirce
  • Author
    Stefano Micossi
    Stefano Micossi
  • Author
    Jacopo Carmassi
    Jacopo Carmassi
On the Tasks of the European Stability Mechanism
Download Publication

3971 Downloads