ESM是英语中的缩写，全称是"European Stability Mechanism"，中文翻译为"欧洲稳定机制"，是欧洲联盟成员国之间的一种财政合作机制，主要用于协助成员国应对经济危机和债务问题。
例句：
1. The ESM was established in 2012 to provide financial assistance to Eurozone countries facing economic difficulties. (ESM成立于xx年，旨在为面临经济困境的欧元区国家提供财政援助。)
2. Greece received a loan of €86 billion from the ESM to help stabilize its economy. (希腊从ESM获得了860亿欧元的贷款，以帮助稳定其经济。)
3. The ESM can provide loans to member states with certain conditions, such as implementing economic reforms. (ESM可以向成员国提供贷款，但需要满足一定条件，如实施经济改革。)
4. Italy is considering applying for assistance from the ESM to deal with its debt crisis. (意大利正在考虑向ESM申请援助，以应对其债务危机。)
5. The ESM is governed by a board of governors, which is made up of finance ministers from each member state. (ESM由一位来自每个成员国的财政部长组成的理事会管理。)
6. The ESM can provide financial assistance to member states facing "severe financial risks" as determined by the European Commission. (ESM可以向面临欧洲委员会确定的“严重财务风险”的成员国提供财政援助。)
7. The ESM operates under strict rules to ensure that loans are repaid and to prevent moral hazard. (ESM运行在严格的规则下，以确保贷款得到偿还，并防止道德风险。)
8. The ESM can also issue bonds to raise funds for member states in need of financial assistance. (ESM还可以发行债券，为需要财政援助的成员国筹集资金。)
9. The ESM has played a crucial role in stabilizing the Eurozone and preventing a broader financial crisis. (ESM在稳定欧元区和防止更大范围的金融危机方面发挥了至关重要的作用。)
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