European Financial Stability Facility: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add links.) |
||
| Line 21: | Line 21: | ||
* [[Financial ]] | * [[Financial ]] | ||
* [[Financial crisis]] | * [[Financial crisis]] | ||
* [[Financial Conduct Authority]] (FCA) | |||
* [[Financial stability ]] | |||
* [[Financial Stability Board]] | |||
* [[Financial Stability Forum]] | |||
* [[Financial Stability Oversight Council]] | |||
* [[Financial stability ratio]] | |||
* [[Financial Stability Report]] | |||
* [[Fiscal]] | * [[Fiscal]] | ||
* [[Stability Bond]] | * [[Stability Bond]] | ||
Latest revision as of 22:58, 11 March 2023
(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.
However, the EFSF continues to operate in order to:
- Receive loan repayments from Ireland, Portugal and Greece.
- Make interest and principal payments to holders of EFSF bonds.
- Roll over outstanding EFSF bonds, as the maturity of loans provided to Ireland, Portugal and Greece is longer than the maturity of outstanding bonds issued by the EFSF.
See also
- euro zone
- European Stability Mechanism
- Facility
- Financial
- Financial crisis
- Financial Conduct Authority (FCA)
- Financial stability
- Financial Stability Board
- Financial Stability Forum
- Financial Stability Oversight Council
- Financial stability ratio
- Financial Stability Report
- Fiscal
- Stability Bond
