European Financial Stability Facility: Difference between revisions
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imported>Doug Williamson (Updated continuance of assistance programme for Greece.) |
imported>Doug Williamson (Update.) |
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(EFSF). | |||
The | The European Financial Stability Facility was established in 2010 as a temporary rescue mechanism to safeguard financial stability in Europe by providing financial assistance to selected Euro zone Member States. | ||
The EFSF provided assistance to Ireland, Portugal and Greece. | |||
The EFSF's role in providing further financial assistance was replaced by the European Stability Mechanism (ESM) in 2012. | |||
Revision as of 16:52, 11 November 2017
(EFSF).
The European Financial Stability Facility was established in 2010 as a temporary rescue mechanism to safeguard financial stability in Europe by providing financial assistance to selected Euro zone Member States.
The EFSF provided assistance to Ireland, Portugal and Greece.
The EFSF's role in providing further financial assistance was replaced by the European Stability Mechanism (ESM) in 2012.