CHAPTER 1MECHANISM

Article 2Establishment of the mechanism

1.

A mechanism to administer the financing of the common costs of operations is hereby established.

2.

The mechanism shall be called Athena.

3.

Athena shall act on behalf of the participating Member States or, regarding the specific operations, the contributing States.

Article 3Legal capacity

With a view to the administrative management of the financing of Union operations with military or defence implications, Athena shall have the necessary legal capacity, in particular, to hold bank accounts, acquire, hold or dispose of property, enter into contracts and administrative arrangements and be a party to legal proceedings. Athena shall be non-profit-making.

Article 4Coordination with third parties

To the extent necessary to achieve its tasks, and in conformity with the objectives and policies of the Union, Athena shall coordinate its activities with the Member States, Union institutions and bodies, and international organisations.