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 the Tribunal ruled that the ratification procedure which was utilized did not violate the constitution. Treaty Establishing the European Stability Mechanism The Treaty Establishing the European Stability Mechanism was signed by the member states of the eurozone to found the European Stability Mechanism (ESM), an international organisation located in Luxembourg, to act as a permanent source of financial assistance for member states in financial difficulty, with a maximum lending capacity of €500 billion. It replaced two earlier temporary EU funding programmes: the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). All new bailouts of eurozone member