EFSF
The European Financial Stability Facility, often abbreviated as EFSF, was a temporary entity created by the member states of the Eurozone in 2010 to provide financial assistance to countries facing severe debt crises. Its primary objective was to safeguard the financial stability of the Eurozone as a whole by providing loans to member states that were unable to access funding from the capital markets.
The EFSF was established through an intergovernmental treaty and was capitalized by guarantees from Eurozone member
Key functions of the EFSF included providing loans for sovereign debt restructuring, recapitalizing banks, and supporting
In 2012, the EFSF was superseded by the European Stability Mechanism (ESM), a permanent intergovernmental organization