European Financial Stability Facility


A special purpose entity formed to preserve financial stability in Europe by providing financial assistance to eurozone states in difficulty. The Facility was agreed by the 27 member states of the EU on May 9, 2010 and can give loans up to a maximum of €440 billion to member states in need.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Acid test ratio

Also called the quick ratio, the ratio of current assets minus inventories, accruals, and prepaid items to current liabilities.

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