EFSF is the abbreviation of European Financial Stability Facility, which means "European Financial Stability Fund".

In order to protect the financial stability of each member state, the European Financial Stability Mechanism (ESM) was established by the European Union and the International Monetary Fund in May 2010, and a "Stabilization Fund" was established.

When euro area member states experience financial difficulties or need loans to restructure banks, the European Financial Stability Agency, with the support of the German Debt Authority, can increase the loan support fund by issuing bonds or other financing instruments, and can also use this to purchase sovereign rights.

debt.

Debt credits will be guaranteed by euro area member states in proportion to the proportion of funds they have deposited with the European Central Bank.