European Financial Stabilisation Mechanism

[3] The Commission fund, backed by all 27 European Union member states, has the authority to raise up to €60 billion.

[6] Under the programme agreed between the Eurozone and the government of Ireland, the EFSM wil provide loans of 22.4 billion euros between 2010 and 2013.

Further funds have also been provided through the EFSF[7] In July 2015 the European Commission proposed to re-activate the EFSM to provide financing for a bridging loan to the government of Greece, in order to meet its immediate commitments including loan repayments to the IMF and ECB.

EU member states outside the eurozone (marked with yellow in the table) have no access to the funds provided by EFSF/ESM, but can be covered with rescue loans from EU's Balance of Payments programme (BoP), IMF and bilateral loans (with an extra possible assistance from the Worldbank/EIB/EBRD if classified as a development country).

Whenever pledged funds in a scheduled bailout program were not transferred in full, the table has noted this by writing "Y out of X".