Navigation

European Stability Mechanism [ESM]

The European Stability Mechanism is a bailout fund set to be launched in July 2012 to succeed the European Financial Stability Facility (EFSF). Unlike the EFSF, which is a temporary fund, the ESM is a permanent rescue funding program with a total capacity of 500 billion EUR.

It was designed to help debt-troubled European Union] (EU) states and enhance financial stability in the region by lending money to EU governments.

Back to Forexpedia Main Page

"I'm not in this world to live up to your expectations and you're not in this world to live up to mine."
Bruce Lee
Clicky Web Analytics