European Stability Mechanism and EU agencies
Question
'European Stability Mechanism', sometimes seen in the news, is an
Options
agency created by EU to deal with the impact of millions of refugees arriving from Middle East
agency of EU that provides financial assistance to eurozone countries
agency of EU to deal with all the bilateral and multilateral agreements on trade
agency of EU to deal with the conflicts arising among the member countries
Explanation
The European Stability Mechanism (ESM) is an international organization established in 2012 to provide financial assistance to eurozone member states facing economic difficulties. It was created as a response to the sovereign debt crisis in Europe and provides loans and stability support to member states. Option (a) refers to refugee management, which is not the primary function of ESM. Option (c) relates to trade agreements, which is handled by different EU bodies. Option (d) relates to conflict resolution, not financial assistance. > ESM: eurozone financial lifeline established 2012. Answer: (b).
Question details
Year
2016
Paper
GS Paper 1
Question
Q82
Subject
International Relations
Sub-topic
European Union institutions and mechanisms
Type
Factual single
Difficulty
Medium
Nature
Static
Source hint
Current Affairs 2015-2016
See all questions on European Union institutions and mechanisms
Browse every tagged question across all years