The European Financial Stabilization Facility (EFSF), hurriedly established in May 2010 in an effort to stop the rot, will shortly be able to call on some €500 billion in the event that any more eurozone countries face serious liquidity problems. And eurozone member states have agreed to perpetuate this financial-stability mechanism from 2013 onwards, and even to amend the Lisbon treaty to avoid any legal ambiguity.