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ESM: Austrian Budget Has Already Appropriated the funds
Politics ♦
Published: September 14, 2012; 13:14 ♦ (Vindobona)
Austria´s share in the ESM comes to € 19.5bn. The capital share is about € 2.2bn. The Austrian Finance Ministry underlines the importance of the ESM.
ESM: Austrian Budget Has Already Appropriated the funds / Picture: © Wikimedia Commons / Blackfish [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]
The decision of Germany’s Federal Constitutional Court in Karlsruhe on 12 September 2012 removed the last remaining obstacle to a definitive launch of the European Stability Mechanism (ESM). When sufficient Eurozone countries have ratified the EMS treaty that their aggregate units in the ESM total at least 90 percent of the fund’s planned capital, the EMS treaty will enter into…
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