European Financial Stability Facility (EFSF) is an organisation set up in 2010 to help solve Europe's Sovereign Debt crisis.
Headquarters: Luxembourg CEO: Klaus Regling
- EFSF works like a bank to provide loans to eurozone members who have economic difficulties.
- EFSF receives administrative help from European Investment Bank
- EFSF issues bonds or other debt instruments to provide loans to countries that need them. These loans are 'guaranteed' by other states in eurozone.
- In certain circumstances, EFSF also allows a country to use the loans to support one of its bank deemed to be in financial trouble.
- EFSF can also intervene in debt primary and secondary markets. Secondary market intervention is only after European Central Bank recognition of exceptional financial circumstances.
Headquarters: Luxembourg CEO: Klaus Regling
- EFSF works like a bank to provide loans to eurozone members who have economic difficulties.
- EFSF receives administrative help from European Investment Bank
- EFSF issues bonds or other debt instruments to provide loans to countries that need them. These loans are 'guaranteed' by other states in eurozone.
- In certain circumstances, EFSF also allows a country to use the loans to support one of its bank deemed to be in financial trouble.
- EFSF can also intervene in debt primary and secondary markets. Secondary market intervention is only after European Central Bank recognition of exceptional financial circumstances.
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