The European Stability Mechanism made simple:
Article 9 – ESM Members have 7 days to hand over unlimited cash when asked.
Article 10 – They start with €700 billion but change change that figure anytime they want and there is nothing the governments can do.
Article 27 – The ESM will enjoy immunity from any legal challenge whatsoever. The ESM can sue any member, but you are not allowed to sue it.
The ESM’s assets cannot be touched by anyone and enjoys total immunity from all governments and EU laws.
Article 30 – ESM staff will be immune from legal process brought against any action they take. So they can’t be held accountable. No review them.
So governments budgets are to be overseen by this intergovernmental unelected organization.