Definition, Meaning & Anagrams | English word EFSF
EFSF
Definitions of EFSF
- (European Union) Initialism of European Financial Stability Facility.
Number of letters
4
Is palindrome
No
Examples of Using EFSF in a Sentence
- On 20 October 2011, the Austrian Institute of Economic Research published an article that suggests transforming the EFSF into a European Monetary Fund (EMF), which could provide governments with fixed interest rate Eurobonds at a rate slightly below medium-term economic growth (in nominal terms).
- On 16 January 2012 the Standard and Poors (S&P) lowered its rating on the European Financial Stability Facility to AA+ from AAA; the downgrade followed the 13 January 2012 downgrade of France and eight other euro-zone nations which has sparked worries that EFSF will have further difficulties raising funds.
- During his time at the Federal Chancellery, Weidmann was involved in a series of major decisions in response to the financial crisis in Germany and Europe: preventing the meltdown of the bank Hypo Real Estate, guaranteeing German deposits and implementing a rescue programme for the banking system, piecing together two fiscal-stimulus programmes, and setting up the Greek bail-out package and the European Financial Stability Facility (EFSF).
- During his time in office, Asmussen also served as chairman of the Administrative Council of Germany's Federal Financial Supervisory Authority (BaFin); chairman of the inter-ministerial steering committee of the Financial Market Stabilisation Authority (FMSA); member of the Financial Stability Board (FSF); and board member of the European Financial Stability Facility (EFSF).
- To prevent an insolvency situation in the debt crisis, Portugal applied in April 2011 for bail-out programs and drew a cumulated €78 billion from the IMF, the EFSM, and the EFSF.
- On 20 October 2011, the Austrian Institute of Economic Research published an article that suggests transforming the EFSF into a European Monetary Fund (EMF), which could provide governments with fixed interest rate Eurobonds at a rate slightly below medium-term economic growth (in nominal terms).
- Vijlbrief left the ministry, the EFSF, and Bruegel in 2018 to become the President of the Eurogroup Working Group starting on 1 February, succeeding Thomas Wieser.
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