The European Stabilization Mechanism, Or How Goldman Sachs Captured Europe

The Goldman Sachs coup that failed in America has nearly succeeded in Europe—a permanent, irrevocable, unchallengeable bailout for the banks underwritten by the taxpayers. 

By Ellen Brown,

In September 2008, Henry Paulson, former CEO of Goldman Sachs, managed to extort a $700 billion bank bailout from Congress.  But to pull it off, he had to fall on his knees and threaten the collapse of the entire global financial system and the imposition of martial law; and the bailout was a one-time affair.  Paulson’s plea for a permanent bailout fund—the Troubled Asset Relief Program or TARP—was opposed by Congress and ultimately rejected.

By December 2011, European Central Bank president Mario Draghi, former vice president of Goldman Sachs Europe, was able to approve a 500 billion Euro bailout for European banks without asking anyone’s permission.  And in January 2012, a permanent rescue funding program called the European Stability Mechanism (ESM) was passed in the dead of night with barely even a mention in the press.  The ESM imposes an open-ended debt on EU member governments, putting taxpayers  on the hook for whatever the ESM’s Eurocrat overseers demand.

The bankers’ coup has triumphed in Europe seemingly without a fight.  The ESM is cheered by Eurozone governments, their creditors, and “the market” alike, because it means investors will keep buying sovereign debt.  All is sacrificed to the demands of the creditors, because where else can the money be had to float the crippling debts of the Eurozone governments?

There is another alternative to debt slavery to the banks.  But first, a closer look at the nefarious underbelly of the ESM and Goldman’s silent takeover of the ECB . . . .

The Dark Side of the ESM

The ESM is a permanent rescue facility slated to replace the temporary European Financial Stability Facility and European Financial Stabilization Mechanism as soon as Member States representing 90% of the capital commitments have ratified it, something that is expected to happen in July 2012.  A December 2011 youtube video titled “The shocking truth of the pending EU collapse!”, originally posted in German, gives such a revealing look at the ESM that it is worth quoting here at length.  It states:

The EU is planning a new treaty called the European Stability Mechanism, or ESM:  a treaty of debt. . . . The authorized capital stock shall be 700 billion euros.  Question: why 700 billion?  [Probable answer: it simply mimicked the $700 billion the U.S. Congress bought into in 2008.] . . . .

[Article 9]: “. . . ESM Members hereby irrevocably and unconditionally undertake to pay on demand any capital call made on them . . . within seven days of receipt of such demand.”  . . . If the ESM needs money, we have seven days to pay. . . . But what does “irrevocably and unconditionally” mean?  What if we have a new parliament, one that does not want to transfer money to the ESM?  . . . .

[Article 10]: “The Board of Governors may decide to change the authorized capital and amend Article 8 … accordingly.”  Question:  . . . 700 billion is just the beginning?  The ESM can stock up the fund as much as it wants to, any time it wants to?  And we would then be required under Article 9 to irrevocably and unconditionally pay up?

[Article 27, lines 2-3]: “The ESM, its property, funding, and assets . . . shall enjoy immunity from every form of judicial process . . . .”  Question:  So the ESM program can sue us, but we can’t challenge it in court?

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M.E.S.: Mécanisme Européen de Stabilité Le Parlement Français vote le 21/02/2012

Mécanisme Européen de Stabilité (MES): Ratification le 21/02/2012

By Liior at Agoravox


Une nouvelle version a été signée le 2 février 2012.

Le but est de permettre la création d’un mécanisme permettant de sauvegarder la stabilité de la zone euro de manière permanente. Le traité est maintenant en cours de ratification par les différents Etats membres et devrait entrer en vigueur en Juillet 2012.
C’est le 21 février 2012 que les Parlementaires Français devront se prononcer sur ce traité.


Comment en est-on arrivé là ?

Retour au 9 mai 2010 : la Commission confie au Conseil Ecofin une proposition de règlement
permettant d’établir le Mécanisme européen de stabilisation financière (MESF).

Les 9 et 10 mai 2010, les ministres des finances des 27 états vont approuver la création du MESF et du Fonds Européen de Stabilité Financière (FESF)


Le premier est un organisme communautaire adossé au budget de l’Union Européenne et n’est garanti “que” à hauteur de 60 milliards d’euros (auxquels s’ajoutent 30 milliards d’euros de garanties du FMI). Le second est un organisme inter-gouvernemental doté de 440 milliards d’euros de capital garanti (le FMI garantissant 220 milliards d’euros de plus, le capital garanti s’élève à 660 milliards d’euros).

Aussi, afin de “pérenniser” un mécanisme européen de stabilité, les dirigeants européens doivent modifier le Traité sur le Fonctionnement de l’Union Européenne (TFUE)


Validée par le Parlement Européen, la modification de l’article 136 du TFUE est entérinée par le Conseil le 23 mars 2011. Elle devra, dans le même temps que le Traité MES, être ratifiée par les Parlements nationaux.

Le 2 février 2012, une deuxième version du traité a été signée afin d’y intégrer des nouveautés dans plusieurs domaines.


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European Stability Mechanism: Dictatorship in Waiting?

The European Stability Mechanism is supposed to address the EU’s ability to deal with the “economic crisis,” but it turns out that this solution is even worse than the problem, if that’s possible. It is apparently a totalitarian pact for a new European empire to be implemented within one to two years.

A new video (below) explains that the REAL import of the European Stability Mechanism (ESM). Apparently it calls for the creation of a fund of 700 billion euros that can be expanded at any time. It calls for a committee to administer this fund that is entirely above the law – one that can be neither prosecuted nor even questioned within a normal legislative venue.

It SOUNDS innocent enough when one doesn’t delve into the details. Here’s a description from Wikipedia:

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