European Stability Mechanism

Proper noun

Meaning

European Stability Mechanism

(finance, EU) A proposed international organisation that would provide financial assistance to members of the Eurozone in financial difficulty.

Source: en.wiktionary.org

Examples

European law expert Thiele has already found a precedent for such a maneuver: The European Stability Mechanism (ESM), which was established in 2012 by Eurozone member states as a facility governed by international law. Source: Internet

The December Eurogroup failed to reach agreement on the reform of the EU’s bailout fund, the European Stability Mechanism (ESM) even though it was considered as a low-hanging fruit on the reform agenda. Source: Internet

However, as explained by Finance Minister Edward Scicluna in a media interview earlier this week, Malta has strong debt metrics and therefore one would not need to resort to the European Stability Mechanism. Source: Internet

The main component of the rescue package involves the European Stability Mechanism which will make 240 billion euros available to guarantee spending by indebted countries under pressure. Source: Internet

Close letter words and terms

European sprat European spruce European squid European starling european state european stoat