Establishment: 20 10 On May 9, this institution was established under the framework of the Council of Economic and Financial Ministers of the European Union by the decision of the member states of the euro zone 17. Responsibilities: Provide emergency loans to the member countries of the euro zone that apply for assistance and get approval. Financing by issuing bonds with the credit of euro zone member countries as collateral.
Nature: Company, jointly owned by the member countries of the euro zone.