Financial Assistance

Programme Countries

Ireland

ProgrammeEFSF 3-year programme
PeriodDec 2010 - Dec 2013
Total disbursed (€)€17.7 bn
Loan repaymentsfrom 2029 to 2042
Average maturity20.8 years

Greece

ProgrammeESM 3-year programme
PeriodAug 2015 - Aug 2018
Total disbursed (€)€61.9 bn
Loan repaymentsfrom 2034 - 2060
Average maturity32.35 years

ProgrammeEFSF 3-year programme
PeriodMar 2012 - Jun 2015
Total disbursed (€)€141.8 bn
Loan repaymentsfrom 2023 to 2070
Average maturity42.45 years

Spain

ProgrammeESM programme to recapitalise the banking sector
PeriodDec 2012 - Dec 2013
Total disbursed (€)€41.3 bn
Loan repaymentsfrom 2022 to 2027
Average maturity12.5 years

Cyprus

ProgrammeESM 3-year programme
PeriodApr 2013 - Mar 2016
Total disbursed (€)€6.3 bn
Loan repaymentsfrom 2025 to 2031
Average maturity14.9 years

Portugal

ProgrammeEFSF 3-year programme
PeriodMay 2011 - May 2014
Total disbursed (€)€26 bn
Loan repaymentsfrom 2025 to 2040
Average maturity20.8 years

ESM/EFSF

Euro area fiscal backstopssince June 2010
5 programmes,
5 successful exitsIE, ES, PT, CY and GR
No active programme
Total disbursed €295bn

Default

completed programme
ongoing programme

ESM/EFSF

Greece

Three programmes restore growth, confidence

ESM

Cyprus

Cyprus recently concluded its 3-year ESM programme, having received €6.3 bn in loans

EFSF

Ireland

Ireland was the first EFSF programme country (2011-13), receiving €17.7 bn in loans

EFSF

Portugal

Portugal received €26 bn in loans from the EFSF (2011-14)

ESM

Spain

The ESM disbursed €41.3 bn of €100 bn available to Spain.

EVALUATION OF PAST EFSF/ESM PROGRAMMES

Highlights

Financial Assistance Database

Programme Overview

An overview of amounts disbursed and repaid for all EFSF/ESM programmes

Disbursements

Loan disbursements displayed as per use of funds, lending contracts, and funding strategy

Repayments

Loan repayment profiles, viewable at different points in time and for individual lending contracts

Interest and Fees

Historic payment flows (interest, fees, and principal) between the EFSF/ESM and programme countries

Conditionality

Policy conditions and compliance assessments displayed for all reviews throughout a programme

Indicators

Economic indicators for programme countries as recorded in review reports

Facts

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ESM shareholders

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€295bn

total amount of loans disbursed by ESM/EFSF

€427bn

ESM's remaining lending capacity (Forward Commitment Capacity)