European Financial Facility

European Financial Facility
It was made by the twenty seven members European Union in the role of a special vehicle. Its main use was to preserve the financial stability by the help of financial help to an euro zone states during the economic difficulties. For raising money to offer loans to the banks that suffer from financial crisisthis stability facility issues bonds and other debt instruments. These would be protected by the guarantees from the member states. To protect the funds, the countryin demand should make a demandto an IMF and European Commission.