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CONCERNE : la dernière modification du FESF
European Sovereign Bond Protection Facility ( ESBPF )
17 February 2012
Luxembourg – Today the European Sovereign Bond Protection Facility (ESBPF) was launched
On 26 October 2011, Heads of State or Government of the euro area Member States agreed on two options for the purpose of leveraging the resources of EFSF. The first option will provide partial risk protection certificates to newly issued sovereign bonds of a euro area Member State
ESBPF is a company incorporated on 5 January 2012 in Luxembourg as a société anonyme.
For further information also see
http://www.efsf.europa.eu/attachments/faq_en.pdf
page 18 :
Section I – European Stability Mechanism17
What is the European Stability Mechanism (ESM) ?
**********On 24 June 2011.......**********, the European Council decided to establish a permanent crisis resolution mechanism – the European Stability Mechanism (ESM).
The function of the ESM will perform the same activities as the amended EFSF....