European Financial Stability Facility (EFSF) - Financial definition
Financial acronyms
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Concise definition of the term European Financial Stability Facility
The European Financial Stability Facility is a special purpose vehicle created in 2010 as a temporary crisis resolution mechanism. Financed by members of the eurozone, its purpose is to address the European sovereign-debt crisis.
Comprehensive definition of the term European Financial Stability Facility
The EFSF has provided financial assistance to Ireland, Portugal and Greece, which was financed through bonds and other debt instruments on capital markets.