The European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM)

Seminar paper from the year 2012 in the subject Economics - Monetary theory and policy, grade: 1,0, University of Applied Sciences Augsburg, language: English, abstract: The article by Marcus Stallechner and Daniel Kolb deals with the structure, objectives and principles of operation of the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM). The focus is on the way from the emergence of those two companies, their company and capital structure, as well as on their financial support instruments and lending operations. The topicality and effects on the economy as well as the great public interest make this to an interesting article, which approaches the details and facts of the EFSF and ESM.