The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign debt crisis. It was agreed by the Council of the European Union on 9 May 2010, with the objective of preserving financial stability in Europe by providing financial assistance to eurozone states in economic difficulty. The facility is headquartered in Luxembourg City, and since the establishment of the European Stability Mechanism its activities have been carried out by the ESM. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
Facts
Founding Year Founding Date HeadquartersLuxembourg City, Luxembourg 1 Geography
Country or Jurisdiction ServedWikidata Q259397, property P17 (country). Classification
Institution SubtypeInternational Financial Institution 1 In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. European Financial Stability Facility (Wikipedia)
Developments and implementation section, paragraph after the list of tasks
On the same day the European Financial Stability Facility was established as a limited liability company under Luxembourg law (Société Anonyme), while Klaus Regling was appointed as chief executive officer of the EFSF on 9 June 2010 and took office on 1 July 2010.
Lead section, first paragraph
The Facility's headquarters are in Luxembourg City, as are those of the European Stability Mechanism.
In Group: Economic Unions and Stability Facilities of Europe and Eurasia, Lead
The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis.
View the Source2. Wikidata
Wikimedia Foundation
3. History (European Stability Mechanism)
About us, History page, EFSF paragraphQuote, About us, History page, EFSF paragraph
The European Financial Stability Facility (EFSF) was set up as a temporary solution in June 2010.
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