The purpose of the ESM shall be to mobilise funding and provide stability support under strict 
conditionality, appropriate to the financial assistance instrument chosen, to the benefit of ESM 
Members which are experiencing, or are threatened by, severe financing problems, if indispensable 
to safeguard the financial stability of the euro area as a whole and of its Member States.

Again, the above is out of the treaty and even with some third guessing, I can't see any room in there for a shift of contigent liabilities off any gov books? FNAG made clear I understand, there will be no bank recap that could be used to keep funding outrageous gov spending.