European Financial Stability Facility - EFSF
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Definition of 'European Financial Stability Facility - EFSF'
An organization created by the European Union to provide assistance to member states with unstable economies. The European Financial Stability Facility is a special purpose vehicle (SPV) managed by the European Investment Bank, a lending institution. The fund raises money by issuing debt, and distributes the funds to eurozone countries whose lending institutions need to be recapitalized, who need help managing their sovereign debt or who need financial stabilization.
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Investopedia explains 'European Financial Stability Facility - EFSF'
European countries have several options outside of the open market to seek financial help. Other than the European Financial Stability Facility, European countries can seek money from European Financial Stabilization Mechanism (EFSM), which is guaranteed by the European Union's budget, or the International Monetary Fund (IMF). These funding mechanisms are supported by the EU because, while not all countries have debt problems, the failure of one European economy can have a widespread effect on the health of other economies. Starting in 2013, the EFSF will be replaced by the ESM, or the European Stability Mechanism.
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Search results for 'European Financial Stability Facility (EFSF)'
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http://financialedge.investopedia.com/financial-edge/0112/Five-Eurozone-Acronyms-Explained.aspx
... (For more information on the Federal Reserve, read How The Federal Reserve Was Formed.)
EFSF (European Financial Stability Facility) Try to say that three ...
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http://www.investopedia.com/university/monthly-forex-report-march-2012/Eurozone_headlines.asp
... Mechanism that will act as a permanent bailout fund that supplements the existing
and temporary European Financial Stability Facility (EFSF) and the ...
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http://stocks.investopedia.com/stock-analysis/2011/The-Contrarian-Play-In-Europe-EZU-FEZ-IEV-NM-NMM-FDD-DFE-AZN-STD1026.aspx
... The region's main bailout fund, the European Financial Stability Facility (EFSF),
will be given additional powers enabling it to offer first-loss guarantees ...
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http://stocks.investopedia.com/stock-analysis/moneyshow/2ETFsforCoveredCallWriters.aspx
... of the year when the Greek parliament voted in favor of austerity and the Eurozone
agreed to expand the European Financial Stability Facility (EFSF) to EUR 780 ...
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