And according to the advocates of such a stabilisation facility, countries with unsound public finances should not be permitted to avail themselves of it in any case. And if a crisis threatens to overwhelm a member state financially, it can always turn to the ESM.
The ESM, of course, only grants assistance if conditions are met that are intended to eliminate the country’s economic problems. In my view, we need to stick to this practice, since ESM assistance means that extensive risks are communitised.