European Stability Mechanism’, sometimes seen in the news, is an
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
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2016
Option A is incorrect as the ESM’s primary role is financial stability, not refugee management.
Option C is incorrect as the ESM focuses on financial stability, not trade agreements.
Option D is incorrect as the ESM deals with financial crises, not general conflicts among member countries, although financial stress can contribute to tensions.