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European Financial Stability Facility

Index European Financial Stability Facility

The European Financial Stability Facility (EFSF) is a special purpose vehicle financed by members of the eurozone to address the European sovereign-debt crisis. [1]

47 relations: BNP Paribas, Bond (finance), Budget of the European Union, Capital guarantee, Citibank, Collective action clause, Council of the European Union, Credit rating agency, Directorate-General for Economic and Financial Affairs, Eurogroup, European Central Bank, European Commission, European Council, European debt crisis, European Financial Stabilisation Mechanism, European Fiscal Compact, European Investment Bank, European Parliament, European Stability Mechanism, Eurozone, Financial crisis of 2007–2008, Fitch Ratings, German Finance Agency, Goldman Sachs, Greek government-debt crisis, HSBC, International Monetary Fund, Klaus Regling, List of acronyms associated with the eurozone crisis, List of Latin phrases (I), Luxembourg City, Maastricht Treaty, Maiden Lane Transactions, Member state of the European Union, Moody's Investors Service, Portugal, Richard Sulík, Royal Bank of Scotland, Slovak parliamentary election, 2012, Société Générale, Special-purpose entity, Standard & Poor's, Supply (economics), Term Asset-Backed Securities Loan Facility, Treasury, Treasury management, Troubled Asset Relief Program.

BNP Paribas

BNP Paribas is a French international banking group.

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Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Budget of the European Union

The European Union has a budget to pay for policies carried out at European level (such as agriculture, assistance to poorer regions, trans-European networks, research, some overseas development aid) and for its administration, including a parliament, executive branch, and judiciary that are distinct from those of the member states.

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Capital guarantee

A capital guarantee product means that when an investor buys, or "enters", this specific structured product he is guaranteed to get back at maturity a part or the totality of the money he invested on day one.

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Citibank

Citibank is the consumer division of financial services multinational Citigroup.

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Collective action clause

A collective action clause (CAC) allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond, including those who vote against the restructuring.

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Council of the European Union

The Council of the European Union, referred to in the treaties and other official documents simply as the Council is the third of the seven Institutions of the European Union (EU) as listed in the Treaty on European Union.

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Credit rating agency

A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default.

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Directorate-General for Economic and Financial Affairs

The Directorate-General for Economic and Financial Affairs (DG ECFIN) is a Directorate-General of the European Commission.

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Eurogroup

The Eurogroup is the recognised collective term for informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency.

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European Central Bank

The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the euro area, which consists of 19 EU member states and is one of the largest currency areas in the world.

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European Commission

The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

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European Council

The European Council, charged with defining the European Union's (EU) overall political direction and priorities, is the institution of the EU that comprises the heads of state or government of the member states, along with the President of the European Council and the President of the European Commission.

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European debt crisis

The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009.

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European Financial Stabilisation Mechanism

The European Financial Stabilisation Mechanism (EFSM) is an emergency funding programme reliant upon funds raised on the financial markets and guaranteed by the European Commission using the budget of the European Union as collateral.

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European Fiscal Compact

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union; also referred to as TSCG or more plainly the Fiscal Stability Treaty is an intergovernmental treaty introduced as a new stricter version of the Stability and Growth Pact, signed on 2 March 2012 by all member states of the European Union (EU), except the Czech Republic and the United Kingdom.

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European Investment Bank

The European Investment Bank (EIB) is the European Union's nonprofit long-term lending institution established in 1958 under the Treaty of Rome.

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European Parliament

The European Parliament (EP) is the directly elected parliamentary institution of the European Union (EU).

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European Stability Mechanism

The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone Member States having ratified a special ESM intergovernmental treaty.

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Eurozone

No description.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Fitch Ratings

Fitch Ratings Inc.

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German Finance Agency

The Federal Republic of Germany - Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH) is the central service provider for the Federal Republic of Germany's borrowing and debt management.

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Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City.

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Greek government-debt crisis

The Greek government-debt crisis (also known as the Greek Depression) was the sovereign debt crisis faced by Greece in the aftermath of the financial crisis of 2007–08.

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HSBC

HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Klaus Regling

Klaus P. Regling (born 3 October 1950 in Lübeck, West Germany) is a German economist and current Chief Executive Officer of the European Financial Stability Facility (EFSF) and Managing Director of the European Stability Mechanism.

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List of acronyms associated with the eurozone crisis

This is a list of acronyms and initialisms associated with the eurozone crisis.

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List of Latin phrases (I)

Additional sources.

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Luxembourg City

Luxembourg (Lëtzebuerg, Luxembourg, Luxemburg), also known as Luxembourg City (Stad Lëtzebuerg or d'Stad, Ville de Luxembourg, Stadt Luxemburg, Luxemburg-Stadt), is the capital city of the Grand Duchy of Luxembourg (also named "Luxembourg"), and the country's most populous commune.

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Maastricht Treaty

The Treaty on European Union (TEU; also referred to as the Treaty of Maastricht is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on the Functioning of the European Union (TFEU; also referred to as the Treaty of Rome). The TEU was originally signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands to further European integration. On 9–10 December 1991, the same city hosted the European Council which drafted the treaty. Upon its entry into force on 1 November 1993 during the Delors Commission, it created the three pillars structure of the European Union and led to the creation of the single European currency, the euro. TEU comprised two novel titles respectively on Common Foreign and Security Policy and Cooperation in the Fields of Justice and Home Affairs, which replaced the former informal intergovernmental cooperation bodies named TREVI and European Political Cooperation on EU Foreign policy coordination. In addition TEU also comprised three titles which amended the three pre-existing community treaties: Treaty establishing the European Atomic Energy Community, Treaty establishing the European Coal and Steel Community, and the Treaty establishing the European Economic Community which had its abbreviation renamed from TEEC to TEC (being known as TFEU since 2007). The Maastricht Treaty (TEU) and all pre-existing treaties, has subsequently been further amended by the treaties of Amsterdam (1997), Nice (2001) and Lisbon (2009).

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Maiden Lane Transactions

Maiden Lane Transactions refers to three limited liability companies created by the Federal Reserve Bank of New York in 2008 as a financial vehicle to facilitate transactions involving three entities: the former Bear Stearns company as the first entity, the lending division of the former American International Group (AIG) as the second, and the former AIG's credit default swap division as the third.

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Member state of the European Union

The European Union (EU) consists of 28 member states.

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Moody's Investors Service

Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name.

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Portugal

Portugal, officially the Portuguese Republic (República Portuguesa),In recognized minority languages of Portugal: Portugal is the oldest state in the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times.

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Richard Sulík

Richard Sulík (born 12 January 1968) is a Slovak economist, businessman and politician.

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Royal Bank of Scotland

The Royal Bank of Scotland (Banca Rìoghail na h-Alba, Ryal Bank o Scotland, Banc Brenhinol yr Alban), commonly abbreviated as RBS, is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, together with NatWest and Ulster Bank.

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Slovak parliamentary election, 2012

Parliamentary elections were held in Slovakia on 10 March 2012 to elect the 150 members of the National Council.

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Société Générale

Société Générale S.A. (often nicknamed "SocGen" (pronounced "so jenn") in the international financial world) is a French multinational banking and financial services company headquartered in Paris.

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Special-purpose entity

A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.

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Standard & Poor's

Standard & Poor's Financial Services LLC (S&P) is an American financial services company.

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Supply (economics)

In economics, supply is the amount of something that firms, consumers, labourers, providers of financial assets, or other economic agents are willing to provide to the marketplace.

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Term Asset-Backed Securities Loan Facility

The Term Asset-Backed Securities Loan Facility (TALF) is a program created by the U.S. Federal Reserve (the Fed) to spur consumer credit lending.

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Treasury

A treasury is either.

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Treasury management

Treasury management (or treasury operations) includes management of an enterprise's holdings, with the ultimate goal of managing the firm's liquidity and mitigating its operational, financial and reputational risk.

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Troubled Asset Relief Program

The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was signed into law by President George W. Bush on October 3, 2008.

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Redirects here:

EFSF, European Financial Stability Fund, Eurozone Financial Stability Facility, Financial Stability Facility.

References

[1] https://en.wikipedia.org/wiki/European_Financial_Stability_Facility

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