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European Financial Stabilisation Mechanism

Index 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. [1]

14 relations: Budget of the European Union, European Commission, European Financial Stability Facility, European Fiscal Compact, European Stability Mechanism, European Union, Fitch Ratings, List of acronyms associated with the eurozone crisis, Maiden Lane Transactions, Member state of the European Union, Moody's Investors Service, Standard & Poor's, Term Asset-Backed Securities Loan Facility, Troubled Asset Relief Program.

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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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 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.

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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 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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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Fitch Ratings

Fitch Ratings Inc.

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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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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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Standard & Poor's

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

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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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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:

EFSM, ESFM, European Financial Stability Mechanism, European financial stabilisation mechanism.

References

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

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