Daily reminder this shit still exists

Did this thread before Brexit.
Update name has changed from European security mechanism to European
STABILITY mechanism.

Still has some scary shit in it.

esm. europa.eu/legal-documents/esm-treaty

web.archive.org/web/20170211011745/https://www.esm.europa.eu/legal-documents/esm-treaty

ARTICLE 3
Purpose
The purpose of the ESM shall be to mobilise funding and provide stability support under strict conditionality, appropriate to the financial assistance instrument chosen, to the benefit of ESM Members which are experiencing,
or are threatened by, severe financing problems, if indispensable to safeguard the financial stability of the euro area as a whole and of its Member States. For this purpose, the ESM shall be entitled to raise funds by issuing financial instruments or by entering into financial or other agreements or arrangements with ESM Members,
financial institutions or other third parties.

ARTICLE 32
Legal status, privileges and immunities
1. To enable the ESM to fulfil its purpose, the legal status and the privileges and immunities set out in this Article shall be accorded to the ESM in the territory of each ESM Member.
The ESM shall endeavour to obtain recognition of its legal status and of its privileges and immunities in other territories in which it performs functions or holds assets.

3. The ESM, its property, funding and assets, wherever located and by whomsoever held,
shall enjoy immunity from every form of judicial process except to the extent that the ESM expressly waives its immunity for the purpose of any proceedings
or by the terms of any contract, including the documentation of the funding instruments.

4. The property, funding and assets of the ESM shall, wherever located and by whomsoever held, be immune from search,
requisition, confiscation, expropriation or any other form of seizure, taking or foreclosure by executive, judicial, administrative or legislative action.

5. The archives of the ESM and all documents belonging to the ESM or held by it, shall be inviolable.

6. The premises of the ESM shall be inviolable.

7. The official communications of the ESM shall be accorded by each ESM Member and by each state which has recognised the legal status and the privileges and immunities of the ESM,
the same treatment as it accords to the official communications of an ESM Member.

8. To the extent necessary to carry out the activities provided for in this Treaty, all property, funding and assets of the ESM shall be free from restrictions,
regulations, controls and moratoria of any nature.

9. The ESM shall be exempted from any requirement to be authorised or licensed as a credit institution,
investment services provider or other authorised licensed or regulated entity under the laws of each ESM Member.

ARTICLE 34
Professional secrecy
The Members or former Members of the Board of Governors and of the Board of Directors and any other persons who work or have worked for or in connection with the ESM
shall not disclose information that is subject to professional secrecy. They shall be required, even after their duties have ceased,
not to disclose information of the kind covered by the obligation of professional secrecy.

ARTICLE 35
Immunities of persons
1. In the interest of the ESM, the Chairperson of the Board of Governors, Governors,
alternate Governors, Directors, alternate Directors, as well as the Managing Director and other staff members
shall be immune from legal proceedings with respect to acts performed by them in their official capacity
and shall enjoy inviolability in respect of their official papers and documents

2. The Board of Governors may waive to such extent and upon such conditions as it determines any of the immunities
conferred under this Article in respect of the Chairperson of the Board of Governors, a Governor, an alternate Governor,
a Director, an alternate Director or the Managing Director.

3. The Managing Director may waive any such immunity in respect of any member of the staff of the ESM other than himself or herself.

4. Each ESM Member shall promptly take the action necessary for the purposes
of giving effect to this Article in the terms of its own law and shall inform the ESM accordingly.

ARTICLE 36
Exemption from taxation
1. Within the scope of its official activities, the ESM, its assets, income, property and its operations and transactions
authorised by this Treaty shall be exempt from all direct taxes.

4. Goods imported by the ESM and necessary for the exercise of its official activities shall be exempt from all import duties and taxes
and from all import prohibitions and restrictions.

5. Staff of the ESM shall be subject to an internal tax for the benefit of the ESM on salaries and emoluments paid by the ESM,
subject to rules to be adopted by the Board of Governors. From the date on which this tax is applied,
such salaries and emoluments shall be exempt from national income tax.

IF THIS EXISTS JUST TO MOVE MONEY WHY DOES IT NEED BLANKET IMMUNITY FROM THE LAW?

Bump, this looks insidious. Looks like something that could benefit from an infograph to distribute on normalfag channels.

This video explained the OLD draft of this shit

Damn

Why are statutes so hard to read?

They've been translated from the original hebrew.