European Financial Stability Facility and European Investment Fund: Difference between pages

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(Update - source - https://www.esm.europa.eu/efsf-overview)
 
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(EFSF).
''SMEs - European Union (EU).''


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.
(EIF).


The EFSF provided assistance to Ireland, Portugal and Greece.
The EIF is established to support Europe’s SMEs by improving their access to finance through a wide range of selected financial intermediaries.  


To this end, the EIF designs, promotes and implements equity and debt financial instruments which specifically target SMEs.


The EFSF's role in providing further financial assistance was replaced by the European Stability Mechanism (ESM) in 2012.


In this role, the EIF supports EU objectives in support of entrepreneurship, growth, innovation, research and development, and employment.


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.


The EIF is part of the EIB Group. Its shareholders are the European Investment Bank (EIB), the European Union, represented by the European Commission, and a wide range of public and private banks and financial institutions.


== See also ==
It carries out its activities using either its own resources or resources provided by the European Investment Bank, the European Commission, by EU Member States or other third parties.
* [[euro zone]]
* [[European Stability Mechanism]]
* [[Financial crisis]]
* [[Fiscal]]
* [[Stability Bond]]




==External link==
== See also ==
[https://www.esm.europa.eu/efsf-overview Before the ESM - EFSF - the temporary fiscal backstop]
* [[European Investment Bank]]
* [[European Union]]
* [[Fund]]
* [[Investment]]
* [[Small and Medium-sized Enterprises]] (SMEs)
* [[Supranational bond]]
* [[Supranational bank]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Financial_risk_management]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Latest revision as of 15:12, 9 July 2022

SMEs - European Union (EU).

(EIF).

The EIF is established to support Europe’s SMEs by improving their access to finance through a wide range of selected financial intermediaries.

To this end, the EIF designs, promotes and implements equity and debt financial instruments which specifically target SMEs.


In this role, the EIF supports EU objectives in support of entrepreneurship, growth, innovation, research and development, and employment.


The EIF is part of the EIB Group. Its shareholders are the European Investment Bank (EIB), the European Union, represented by the European Commission, and a wide range of public and private banks and financial institutions.

It carries out its activities using either its own resources or resources provided by the European Investment Bank, the European Commission, by EU Member States or other third parties.


See also