The _____ refers to a permanent bailout fund,worth about €500 billion,set up by the euro zone nations to restore confidence in the euro.
A) European Fiscal Union
B) European Fiscal Compact
C) Troubled Assets Relief Program
D) European Stability Mechanism
E) European Financial Stability Facility

Question

Quizplus · Accepted Answer

The European Stability Mechanism (ESM) is a permanent bailout fund worth about €500 billion, established by the euro zone nations to restore confidence in the euro. The other options are not related to the ESM or its purpose. The European Fiscal Union and European Fiscal Compact refer to measures aimed at coordinating fiscal policies among member states. The Troubled Assets Relief Program is a US initiative to stabilize the financial sector during the 2008 global financial crisis. The European Financial Stability Facility was a temporary fund established in 2010 to provide financial assistance to euro zone countries facing economic difficulties.

The _____ Refers to a Permanent Bailout Fund,worth About €500