European Stability Mechanism Guideline on Precautionary Financial Assistance

DRAFT GUIDELINE ON PRECAUTIONARY FINANCIAL ASSISTANCE

This document sets out an update to the existing guideline for precautionary financial assistance, which further elaborates the detailed agreements on making the precautionary credit lines more efficient, to be adopted by the Board of Directors.

The legal basis for the update of this guideline is Article 14 the ESM Treaty, as amended by the draft Amending Agreement.

06/12/2019 Precautionary Guideline