European Financial Stabilisation Mechanism information

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v t e

The European Financial Stabilisation Mechanism (EFSM) is an emergency funding programme reliant upon funds raised on the financial markets and guaranteed by the European Commission using the budget of the European Union as collateral.^[1] It runs under the supervision of the Commission^[2] and aims at preserving financial stability in Europe by providing financial assistance to member states of the European Union in economic difficulty.^[3]

The Commission fund, backed by all 27 European Union member states, has the authority to raise up to €60 billion. The EFSM is rated AAA by Fitch, Moody's and Standard & Poor's.^[4]^[5] The EFSM has been operational since 10 May 2010.^[6]

^ "EU bonds for Ireland bailout well-received on market". Xinhua. 6 January 2011. Archived from the original on 25 March 2012. Retrieved 26 April 2011.
^ "AFP: First EU bond for Ireland attracts strong demand: HSBC". AFP. 5 January 2011. Archived from the original on 24 February 2013. Retrieved 26 April 2011.
^ Bartha, Emese (5 January 2011). "A Mixed Day for European Debt". The Wall Street Journal. Archived from the original on 11 May 2020. Retrieved 26 April 2011.
^ "News and Insights". www.nasdaq.com.
^ Robinson, Frances (21 December 2010). "EU's Bailout Bond Three Times Oversubscribed". The Wall Street Journal. Archived from the original on 23 October 2017. Retrieved 26 April 2011.
^ The Monetary Policy of the ecb 2011, p. 17, ISBN 978-92-899-0777-4 (print) ISBN 978-92-899-0778-1 (online) http://www.ecb.int/pub/html/index.en.html Archived 11 March 2021 at the Wayback Machine

European Financial Stabilisation Mechanism information

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