The IATE term of the week is “European Stability Mechanism”

August 12, 2013 2:56 pm

This week we have chosen the term “European Stability Mechanism”, following the decision taken by the Germany’s Constitution Court to reject efforts to block the European Stability Mechanism. Read more about this

Definition: permanent crisis mechanism aimed at safeguarding financial stability in the euro area as a whole, to be activated when necessary from mid-2012 onwards.

european-stability-mechanism

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