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The Chancellor of Justice: “The Parliament of Estonia must have a say on the granting of financial assistance under the European Stability Mechanism.”

Indrek Teder argues that the provision of the Treaty Establishing the European Stability Mechanism (ESM) which in exceptional cases allows decisions on the provision of stability support to a Member of the ESM to be adopted by means of the so-called emergency voting procedure is contrary to the Estonian Constitution. The core feature of the emergency voting procedure is that, instead of using a regular voting mechanism based on mutual agreement (i.e. unanimity), a decision is adopted if a qualified majority of 85% of the votes cast endorse the decision.

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