Proper noun
EFSF
(European Union) Initialism of European Financial Stability Facility.
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. Source: Internet
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. Source: Internet
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. Source: Internet
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). Source: Internet