Mody, Ashoka - Bruegel - 2014
financial capacity is intended to leverage lending to the distressed member state by the European Stability Mechanism (the ESM …. The ECJâ??s Pringle decision (ECJ, 2012) â?? which confirmed the legal standing of the European Stability Mechanism (the … body such as the ESM, and because it was not straightforward to claim that problems on account of excessive sovereign debt …