European Financial Stability Facility: Difference between revisions

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(Updated continuance of assistance programme for Greece.)
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The European Financial Stability Facility (EFSF) was established in 2010 as a temporary rescue mechanism.
(EFSF).


The EFSF’s mandate was to safeguard financial stability in Europe by providing financial assistance to Euro zone Member States.
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 Facility was replaced by the European Stability Mechanism (ESM) in 2012 which finances new programmes. 


Its final assistance programme for Greece expired in 2015. However, a third assistance programme was negotiated.
The EFSF's role in providing further financial assistance was replaced by the European Stability Mechanism (ESM) in 2012.
 
EFSF continues to administer outstanding loan repayments and payouts to bond holders in close co-operation with the ESM.




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.


See also

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