What is the EFSF?
The European Financial Stability Facility (EFSF) was created as a temporary crisis resolution mechanism by the euro area Member States in June 2010. The EFSF has provided financial assistance to Ireland, Portugal and Greece. The EFSF financed these loans by issuing bonds and bills on capital markets.
The EFSF is a private company incorporated in Luxembourg under Luxembourgish law on 7 June 2010. The shareholders are euro area countries with the exception of Latvia and Lithuania.
The EFSF is a private company incorporated in Luxembourg under Luxembourgish law on 7 June 2010. The shareholders are euro area countries with the exception of Latvia and Lithuania.