The European Financial Stabilisation Mechanism: Main Features

01-04-2020

This document presents the main features of the European Financial Stabilisation Mechanism (EFSM). The EFSM allows the Commission to provide loans to euro area Member States threatened by severe difficulties and to access financial markets, by issuing bonds or with private placements. The amount that can be borrowed by the Commission on behalf of the European Union is limited.

This document presents the main features of the European Financial Stabilisation Mechanism (EFSM). The EFSM allows the Commission to provide loans to euro area Member States threatened by severe difficulties and to access financial markets, by issuing bonds or with private placements. The amount that can be borrowed by the Commission on behalf of the European Union is limited.