Information and links to the official documents are available on the ESM’s website. The text of the agreement is available on the ESM website. 7  public debt– so that it can intervene promptly as needed (Article 3.1). Therefore, ‘the ESM should not serve the purpose of economic policies coordination among ESM members for which European Union law provides the necessary arrangements’ (recital 15A).
Lastly, it is confirmed that ‘the post-programme surveillance will be carried out by the European Commission in liaison with the ECB, and by the Council of the European Union within the framework laid down pursuant to Articles 121 and 136 of the Treaty on the Functioning of the European Union’ (recital 18).