European Financial Stability Facility definition
Examples of European Financial Stability Facility in a sentence
This European Stability Mechanism ("ESM") will assume the tasks currently fulfilled by the European Financial Stability Facility ("EFSF") and the European Financial Stabilisation Mechanism ("EFSM") in providing, where needed, financial assistance to euro area Member States.
The Annexes to this Loan Facility shall constitute an integral part thereof and comprise: Annex 1: Form of Request for Funds Annex 2: Form of Acceptance Notice Annex 3: Form of Confirmation Notice Executed in Athens on Represented by [●] [●] The Hellenic Republic Represented by [●] Represented by [●] and in Luxembourg on Represented by [●] [on letterhead of the Beneficiary Member State] European Financial Stability Facility ▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇.
Pursuant to a Master Financial Assistance Facility Agreement between the European Financial Stability Facility ("EFSF") as EFSF, the Hellenic Republic as Beneficiary Member State, the Hellenic Financial Stability Fund as guarantor and the Bank of Greece signed on or around 14 March 2012 (the "Master Facility Agreement"), EFSF has agreed to make available to the Beneficiary Member State a Master Facility in an Aggregate Financial Assistance Amount of up to EUR 109,100,000,000.
This European Stability Mechanism will assume the tasks currently fulfilled by the European Financial Stability Facility ("EFSF") and the European Financial Stabilisation Mechanism ("EFSM") in providing, where needed, financial assistance to euro area Member States after June 2013.
Represented by [] Represented by [] (to be issued on official letterhead of [] [place, date] To: European Financial Stability Facility ▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇.
Represented by [•] Represented by [•] (to be issued on official letterhead of [•] [place, date] To: European Financial Stability Facility ▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇.
This European Stability Mechanism will assume the tasks currently fulfilled by the European Financial Stability Facility ("EFSF") and the European Financial Stabilisation Mechanism ("EFSM") in providing where needed financial assistance to euro area Member States after June 2013.
The basic version of such a solution would be to have the European Financial Stability Facility (EFSF) -- the European rescue fund -- purchase Greek sovereign bonds from banks and insurance companies that want to unload them.
It was the first time since the crisis that Greece issued a bond with such a long maturity on an open auction, and also the first time it issued a bond that matures after the end of the current deferral period of the European Financial Stability Facility loans, i.e. after 2032.
The support programme notably includes measures to significantly expand the flexibility of the European Financial Stability Facility (EFSF) and to make it a considerably more attractive option for all countries receiving assistance.