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European Stability Mechanism', sometimes seen in the news, is an
(a) agency created by EU to deal with the impact of millions of refugees arriving from Middle East
(b) agency of EU that provides financial assistance to Eurozone countries
(c) agency of EU to deal with all the bilateral and multilateral agreements on trade
(d) agency of EU to deal with the conflicts arising among the member countries



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The European Stability Mechanism (ESM) is an agency established by the European Union (EU) to provide financial assistance to Eurozone countries that are facing financial difficulties. It was created in 2012 as part of the response to the European debt crisis. The ESM provides financial assistance in the form of loans or other financial instruments to support the stability and economic recovery of Eurozone countries. Its primary objective is to safeguard the financial stability of the Eurozone and promote financial assistance programs that help countries regain access to financial markets.


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