et

EFSM

1 abbreviation

Terminological databases

EKI terminibaas Esterm

ID 736957 Last modified 09.05.2017
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Domain financial cooperation
Euroopa finantsstabiilsusmehhanism
Euroopa finantsstabiilsuse mehhanism
European Financial Stabilisation Mechanism
European financial stabilisation mechanism
  • mehhanism, millega antakse liidu finantsabi laenu või krediidiliini vormis liikmesriigile, kes on suurtes majandus- või finantsraskustes, mida põhjustavad temast olenematud erandlikud olud, või kellel on tõsine oht sellistesse raskustesse sattuda
  • mechanism for granting Union financial assistance in the form of a loan or credit line to a Member State experiencing or seriously threatened with a severe economic or financial disturbance caused by exceptional occurrences beyond its control
Good to know
  • Vt ka kirjet „European Stability Mechanism - Euroopa stabiilsusmehhanism“. [9.05.2017]
  • Following the introduction of the European Stability Mechanism (ESM), the EFSM will continue to operate for a time in parallel with the ESM. Once the EFSM ceases to exist as a eurozone support mechanism, the budgetary resources it uses will return to being used for financial assistance for non-eurozone countries.
Euroopa finantsstabiilsusmehhanism
Euroopa finantsstabiilsuse mehhanism
EFSM abbreviation
Usage examples
  • Euroopa Liidu asutamislepinguga on sätestatud euroala toimimise ühe nurgakivina põhimõte, et liikmesriigid ei vastuta üksteise rahaliste kohustuste eest (nn. no bail-out põhimõte). Sellise põhimõtte alusel on euroala finantsstabiilsuse tagamiseks praeguseks ellu kutsutud laenumehhanismid (EFSF, EFSM ja Kreeka laenumehhanism ning ESM).
European Financial Stabilisation Mechanism
Usage examples
  • The same arrangements for surveillance should apply to Member States requesting precautionary assistance from one or several other Member States or third countries, the European Financial Stabilisation Mechanism (EFSM), the European Stability Mechanism (ESM), the European Financial Stability Facility (EFSF), or another relevant international financial institution such as the International Monetary Fund (IMF).
European financial stabilisation mechanism
EFSM abbreviation

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