‘European stability mechanism‘, sometimes seen in the news, is an

1. Agency created by the EU to deal with the impact of millions of refugees arriving from the Middle east.
2. Agency of EU that provides financial assistances to euro zones countries
3. Agencies of EU to deal with all the bilateral and multilateral agreements on trade
4. gency of EU to deal with the conflicts arising among the member countries

Explanation

Option (b) is correct

• The European Stability Mechanism is an intergovernmental organisation established by member states of the euro area.
  • The euro area consists of those Member States of the European Union that have adopted the euro as their currency.
• Its mission is to enable the countries of the euro area to avoid and overcome financial crises and to maintain long-term financial stability and prosperity. It was founded in 2012 at the height of the sovereign debt crisis in Europe.

Answer: (b) Agency of EU that provides financial assistances to euro zones countries; Difficulty Level: Hard