As regards the EU’s competence for the coordination of economic policy, the Court reiterates that the Member States have the power to conclude between themselves an agreement for the establishment of a stability mechanism such as the ESM Treaty provided that the commitments undertaken by the Member States who are parties to such an agreement are consistent with EU law.
Mis puudutab liidu pädevust koordineerida majanduspoliitikat,siis kordab Euroopa Kohus, et liikmesriigid on pädevad sõlmima omavahel niisuguse stabiilsusmehhanismi asutamise lepingu nagu ESML, kui kohustused, mille lepinguosalistest liikmesriigid selle lepinguga võtavad, on kooskõlas liidu õigusega.