Which of the following 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 is a permanent bailout fund established by the euro zone nations to restore confidence in the euro. The fund is worth about €500 billion and provides financial assistance to euro zone countries experiencing financial difficulties. The fund was established in 2012 and replaced the temporary European Financial Stability Facility.

Which of the Following Refers to a Permanent Bailout Fund,worth