EFSF
Proper noun
Meaning
EFSF
(European Union) Initialism of European Financial Stability Facility.
Anagrams
Examples
Norway, however, whose $564 billion oil fund is Europe’s biggest investor in equities, said it had less than 100 million euros in EFSF investments.
The country finances EFSF activities, bearing all of its costs, even if for whatever reason the disbursement of the Pre-Funding Operations does not take place.
Whilst the EFSF has the resources to cope with bailouts for Greece, Portugal and Ireland, it would be overwhelmed by the need to rescue a bigger economy such as Italy or Spain which have come under market attack.
The EFSF is authorised to use the following instruments linked to appropriate conditionality: * To provide loans to countries in financial difficulties (e.g. Greek bailout).