«The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date — and what has been proposed by the ESM,» the IMF said, referring to the European stability mechanism bailout fund, which will be used to bankroll the Greek bailout. (theguardian.com)
Minerva refers to its price stability mechanism for its OWL token as the «Minerva Volatility Protocol.» (blokt.com)
Institutional stability mechanisms have been improved at the European level, with the promotion of the banking union and the establishment of a European Monetary Fund, for instance. (bruegel.org)