The European Stability Mechanism is, in effect, The European Slavery Mechanism
Why?
That is what it will do to you and your children and your grand-children.
How?
First, the ESM will be a law unto itself, because it will be completely immune to any form of censure whatsoever.
Second while the ESM will run parallel to the EU in Brussels, it will have complete, infinite power over it.
Thirdly, the ESM will be, in effect, the only Government throughout the Eurozone, but the ESM will not have been elected and will therefore not be answerable to the citizens of Europe.
Fourthly, the ESM will dictate national budgets and all other financial dealings that are normally the prerogative of national parliaments, because the complete removal of individual sovereignty is a pre-requisite.
