European Financial Stability Mechanism/Definition

From Citizendium
Jump to navigation Jump to search
This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.


European Financial Stability Mechanism [r]: A means of giving emergency assistance to member states of the European Union that are in economic difficulty, with money borrowed by the European Commission using the budget of the European Union as collateral.