Treaty of Rastatt in European politics, associated with the shift to the balance of power politics. Austria began to negotiate the treaty with France after it had been abandoned by its allies, particularly Great Britain, during negotiations for the Treaty of Utrecht. Great Britain feared a possible connection of Austria and Spain in the person of the Emperor Charles VI, who became emperor in 1711 and claimed the Spanish throne, as it would shift the balance of power politics in Europe to Habsburg Austria. In June 1713, France launched the Rhine campaign against the Holy Roman Empire, conquering Kaiserslautern, Landau and Breisgau. After
Treaty Establishing the European Stability Mechanism 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 states will be covered by ESM, while the EFSF and EFSM will continue to handle