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Terms and Conditions and Privacy Statement

Last updated on: 22/03/2022

1. Terms and conditions


The website (“Website”) of the European Stability Mechanism (“ESM”) presents news, information and images of ESM activities and the activities of the European Financial Stability Facility (“EFSF”) and provides direct access to their information, documents, data and materials.

The Website offers to the general public the opportunity to learn more about the ESM and EFSF and their activities.


Access to, and use of, the Website constitutes acceptance of the following terms and conditions (“Terms and Conditions”). Please read these Terms and Conditions as they apply to your use of the Website. If you do not agree to these Terms and Conditions, please do not use this Website.

The ESM may at any time make changes to these Terms and Conditions, the information, names, images, pictures, logos and icons described in this Website, with or without notice1. The continued use of the Website following any changes to these Terms and Conditions will mean you accept such changes.

The Website contains copyrighted material, trademarks and other proprietary information including text, photos and graphics. You may not publish, display, modify, transmit, transfer, create derivative works, or in any way commercially exploit the content of this Website without the express prior written authorisation of the ESM or the EFSF, respectively and/or the copyright owner, or except as otherwise expressly permitted under copyright law. You acknowledge that the ESM and/or the EFSF and/or the copyright owner retains ownership of the content of this Website and that you do not acquire any ownership rights by downloading any content from this Website.

Neither the ESM nor the EFSF represent that the Website or any content, service or feature thereof will be error-free or uninterrupted, or that any defects will be corrected, or that your use of the Website will provide specific results. The Website and its content are delivered on an “as-is” and “as-available” basis. All information provided on the Website is subject to change without notice. Neither the ESM nor the EFSF guarantee that any files or other data you download from the Website will be free of viruses or contamination or destructive features. The ESM and the EFSF disclaim all warranties, express or implied, including any warranties of accuracy, merchantability and fitness for a particular purpose.

This Website is intended for information purposes only, and nothing in it constitutes (or should be construed as) an offer to sell any investment. Without prejudice to their rights under applicable law, users are responsible for verifying with independent or official sources that this Website’s contents and information are accurate and up-to-date before taking any actions, in particular taking investment decisions.

The Website may contain links to other websites and references to other websites maintained by third parties. Such links are merely provided for the convenience and the interest of users. Neither the ESM nor the EFSF gives or makes any warranties, undertakings or representations as to the availability, accuracy, currency, quality, completeness or fitness for purpose of any information contained in such websites nor do either of them endorse or accept any responsibility for the contents, advertising, products or other materials made available on or through such websites. Under no circumstances shall the ESM or the EFSF be held responsible or liable, directly or indirectly, for any loss or damage caused or alleged to have been caused to a user in connection with such websites.

No part of these Terms and Conditions shall constitute or be interpreted as a waiver of the privileges and immunities of the ESM and the EFSF.

Use of the ESM and EFSF logos

The ESM and EFSF logos are owned by the ESM and EFSF, respectively and are protected by trademarks. You may not modify or create derivatives of the ESM or EFSF logos. Any use, reproduction, publication, display, transmission, making available to the public or exploitation of the ESM or EFSF logos requires prior written authorisation by the ESM or the EFSF, as applicable.

2. Privacy statement

This privacy statement applies to only.

Privacy of Personal Information

The ESM collects your personal information via its website ( to the extent necessary for the purpose of fulfilling its mandate and the related ESM activities and as further described below.

The Website, either directly or through a service provider, stores the Internet protocol (IP) address of your computer, the browser software and operating system used, and the date and time of your visit. The IP address is a number that is allocated to your computer when you are surfing the internet.

This information is used by the ESM to compile statistics concerning which countries the users of the Website visit from, when they visit, and other information about how users access the Website. The ESM also monitors network traffic to identify unauthorised attempts to upload or change information or to otherwise cause damage to the Website.

The ESM will also process the personal data you submit voluntarily (such as your name and/or email address when subscribing to publications or to job alerts) as necessary to provide the services that you request. When subscribing to the ESM blog, please note that your personal data will be processed by our service provider. If before subscribing you would like to know how your personal data is processed by them, please refer to the Granicus website.

The ESM does not distribute, sell or rent any personal information collected via its Website. This is also true for personal information (for example, email and postal addresses) sent to the Website’s email addresses. The ESM does not send unsolicited emails to users of its Website. The transmission of personal information entered via the website’s registration forms (e.g. ESM Careers page) is protected by leading security safeguards.

All personal data provided by you via the ESM Careers page is processed, collected and stored under the conditions set out in the Recruitment Privacy Statement, which is available to you once you create an account via the ESM Careers page and before you submit any further personal data.

You have the right to access and rectify personal data the ESM has collected and processes on you by contacting the ESM (see contact section of the Website).

If the ESM experiences a personal data breach that is likely to cause you a serious personal injury or harm, the Data Protection Officer will, to the extent possible, inform you of such breach and take mitigating measures as appropriate without undue delay.

Use of Cookies

A cookie is a piece of data that websites send to a user’s web browser in order to understand more about that user’s interests and intentions in using the Website. Cookies help the ESM to know which pages are visited more often, how you interact with the Website, create metrics and statistics and allow the ESM to ensure that its Website responds to the user’s needs.

The Website may use both persistent cookies (text cookies) and session cookies. A persistent cookie is a file that might contain user personal information. It is stored on a user's computer. The Website uses persistent cookies to understand which pages on the Website are popular and to recognise repeat visitors. Session cookies allow the Website to validate access to any secure areas after you have logged in - these are not stored on a user’s computer.

Your browser software should permit you to disable the use of cookies, if you do not wish to receive a cookie or if you wish your browser to notify you when you receive a cookie. Please be aware that if you disable cookies you will not be able to make use of all the features of our Website.

By setting up your browser to accept cookies and visiting this Website, you consent to the placing and use of cookies on your device or equipment.

Social media

You can follow the ESM on social media, i.e. on LinkedIn, YouTube and Twitter, directly from our website. Please note that when you click on the social media buttons, these take you directly to the ESM social media page but these buttons do not set cookies on your device when you visit our website. However, you will have the possibility to sign in to any of those social media pages and your personal data will be processed by each social media channel in accordance with their own policies. If you choose, for example, to go to the ESM’s LinkedIn account, you will be asked to accept Linkedin’s cookie policy. Please refer to the policies of any of these social media accounts, if you need further information or have any concerns.

Analytics and anonymisation

This Website uses Google Analytics, an open-source analytics platform, to help the ESM analyse how users use our Website.

This platform enables the protection of your personal data thanks to IP-anonymisation, which anonymises your IP address by removing the last two octets of your IP address. In addition, it provides to users a mechanism to opt-out so that your browsing is not processed for analytics purposes.

Google Analytics will use the information on behalf of the ESM for evaluating your use of the Website and to prepare aggregated, anonymous statistics reports on visitor activity. Cookies from Google Analytics will track the following information about visitors:

IP address (masked)

Location: country, region, city, approximate latitude and longitude (Geolocation)

Date and time of the request (visit to the site)

Title of the page being viewed (Page Title)

URL of the page being viewed (Page URL)

URL of the page that was viewed prior to the current page (Referrer URL)

Screen resolution of user's device

Time in local visitor's time-zone

Files that were clicked and downloaded (Download)

Links to an outside domain that were clicked (Outlink)

Pages generation time (the time it takes for webpages to be generated by the webserver and then downloaded by the visitor: Page speed)

Main language of the browser being used (Accept-Language header)

Browser version, browser plugins (PDF, Flash, Java), operating system version, device identifier (User-Agent header)

Site Search


Random unique Visitor ID

Time of the first visit for the specific visitor

Time of the previous visit for the specific visitor

Number of visits for the specific visitor

For persistent cookies, a random ID is generated by Google Analytics, which allows Google Analytics to identify when a user returns to the Website. All persistent cookies have an expiration date (13 months), after which they are automatically removed from the user's device.

Opting out

By default, the browsing experience of Website visitors is tracked by Google Analytics in order to produce anonymised statistics. You may choose not to be tracked (opt-out). If you change your mind, you can choose to be tracked again (opt-in).

If you wish to opt-out (or opt-in back again) please click here:

Please note that if you regularly delete your cookies, you will need to opt-out each time you delete them.

1 However, you can find the last modification date of these Terms and Conditions and Privacy Statement in the above timestamp.