European Stability Mechanism
Wall Street Mojo
JANUARY 14, 2024
The European Stability Mechanism Board (ESM) operates as a financial backstop intergovernmental institution established in 2012 to combat the European sovereign debt crisis of 2009-2011 in euro member states. Example # 1 Consider a scenario where Country A, a eurozone member, faces a sudden economic downturn due to external factors.
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