Treaty of Hubertusburg where the war had never been popular. After protracted negotiations between the war-weary powers, peace was made among Prussia, Austria, and Saxony at Hubertusburg, and among Great Britain, France, and Spain at Paris. The Treaty of Hubertusburg, though it restored the prewar status quo, marked the ascendancy of Prussia as a leading European power. Through the Treaty of Paris, Great Britain emerged as the world's chief colonial empire, which was its primary goal in the war, and France lost most of its overseas possessions. The phrase "Hubertsburg Peace" is sometimes used as a description for any Treaty which restores the
Treaty Establishing the European Stability Mechanism eurozone states, named the "Treaty Establishing the European Stability Mechanism", was also agreed to which established the ESM and set out the details of how it would operate. Formally, two treaties with this name were signed: one on 11 July 2011 and one on 2 February 2012. After the first turned out to be not substantial enough the second version was produced to "make it more effective". The ESM was designed to be fully compatible with existing EU law, and the European Court of Justice ruled that "the right of a Member State to conclude and ratify the ESM Treaty