In response to the recent financial crisis,the Eurozone states launched a permanent funding program for the rescue of states undergoing financial crisis called the:

Question

Quizplus · Accepted Answer

The correct option is the European Stability Mechanism (ESM). The Eurozone states launched this permanent funding program in response to the financial crisis in order to provide a safety net for member states facing financial difficulties. The ESM provides financial assistance in the form of loans to countries in need, subject to certain conditions and reforms.

In Response to the Recent Financial Crisis,the Eurozone States Launched