Swedish Financial Supervisory Authority - Finansinspektionen: Comments On A Proposal: Stability Mechanism For Euro Countries (ESM)

Finansinspektionen welcomes the proposed permanent European Stability Mechanism (ESM). ESM replaces two temporary institutions, which means that future crisis management can be handled in a more effective and sustainable manner. ESM should lead to improved confidence in various support measures.

ESM will be financed by fees from euro Member States which are accumulated in advance. The fact that funds will be accumulated in advance should also increase confidence. Lenders and investors will know that financial resources are available for actual support measures.

The full document is available below (in Swedish).