EU Fact Sheets - Financial assistance to EU Member States - 14-05-2025
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European financial assistance mechanisms are intended to preserve the financial stability of the EU and the euro area, as financial distress in one Member State can have a substantial impact on macro-financial stability in other Member States. Financial assisEU Fact Sheets - Financial assistance to EU Member States - 14-05-2025
European financial assistance mechanisms are intended to preserve the financial stability of the EU and the euro area, as financial distress in one Member State can have a substantial impact on macro-financial stability in other Member States. Financial assistance is linked to macroeconomic conditionality (it is a loan rather than a fiscal transfer), to ensure that Member States receiving such assistance implement the necessary fiscal, economic, structural and supervisory reforms. The reforms are agreed and set out in specific documents (memoranda of understanding) published on the Commission website and, when relevant, on the European Stability Mechanism website. As part of the EU response to the COVID-19 crisis, a number of additional financial instruments were put forward to help the Member States recover and make their economies more resilient to shocks. Source : © European Union, 2025 - EP Read more