European Court of Justice says the European Stability Mechanism (ESM) is compatible with EU law

In a judgment handed down today, in a preliminary reference from the Irish Supreme Court, in Thomas Pringle v The Government of Ireland, Ireland and the Attorney General (Case C-370/12), the Court of Justice of the European Union (“CJEU”) has held that the provisions of the Treaty on the European Union (“TEU”) and the Treaty on the Functioning of the European Union (“TFEU”) do not preclude the conclusion and ratification of the ESM Treaty.

Background -

Thomas Pringle is a member of the Irish parliament and brought a constitutional challenge before the Irish Supreme Court, opposing the ratification of the Treaty Establishing the European Stability Mechanism (“ESM”).

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