Działania Europejskiego Mechanizmu Stabilizacji Finansowej (EFSM) oraz Europejskiego Funduszu Stabilizacji Finansowej (EFSF) — stan na 1 grudnia 2011 roku

• Authors: Rafał Mundry

Title variants

EN

Activities of the European Financial Stabilisation Mechanism (EFSM) and the European Financial Stability Fund (EFSF)

• Languages of publication: PL

Abstracts

EN

As a result of the crisis in Greece and the volatile situation on fi nancial markets, the EU decided to implement a European Stabilisation Mechanism. Detailed and in depth article examines the operation of The European Financial Stabilisation Mechanism (EFSM) and The European Financial Stability Facility (EFSF).The EFSM, the Commission may borrow a total of 60 billion euros in the financial markets on behalf of the European Union, as part of an unconditional guarantee of the EU budget. The European Financial Stability Facility (EFSF) was created by the euro area Member States following the decisions taken on 9 May 2010 within the framework of the Ecofin Council. It may issue bonds to total 440 billion euros. These bonds are guaranteed by the EAMS (Euro Area Member States).

• Publisher: Wydawnictwo Uniwersytetu Wroclawskiego
• Journal: Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne
• Year: 2011
• Issue: 11
• Pages: 23-32

Dates

published

2011

Contributors

author

Rafał Mundry