Crack Prelims
← External sector & trade · IMF, World Bank & global finance
Prelims 2016 · Q82 · IMF, World Bank & global finance

'European Stability Mechanism', sometimes seen in the news, is an

Show answer

Answer: B. The European Stability Mechanism (2012) is a permanent eurozone body that gives financial help to eurozone countries in financial trouble, such as Greece.

Watch for: The 2015 refugee crisis was in the news at the same time.

Why the other options are wrong
  • A. Wrong because the refugee crisis is not its job.
  • C. Wrong because trade deals are handled by the European Commission.
  • D. Wrong because it does not resolve conflicts between members.

Source to check: European Stability Mechanism official website (esm.europa.eu)

Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.