Klaus Regling, Managing Director of the ESM and CEO of the EFSF, said: “Today an important chapter of the EFSF ends and all potential new tasks will be taken over by the ESM, the only rescue fund of the currency union".
This is in accordance with the EFSF Framework Agreement signed by the 17 euro area Member States, and the EFSF Articles of Incorporation. The EFSF will remain active in financing the ongoing programmes for Portugal, Ireland and Greece.
Press release
© EFSF - European Financial Stability Facility
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