European Financial Stability Facility

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(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