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.
Nearby TermsEuropean exchange rate mechanism (ERM) European Exercise European Financial Stability Facility European Insurance and Occupational Pensions Authority (EIOPA) European Monetary System (EMS)
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University