957:
forecasted only to peak at 126% in 2015 and subsequently decline to 105% in 2020, and thus considered to remain within sustainable territory. The €10bn bailout comprise €4.1bn spend on debt liabilities (refinancing and amortization), 3.4bn to cover fiscal deficits, and €2.5bn for the bank recapitalization. These amounts will be paid to Cyprus through regular tranches from 13 May 2013 until 31 March 2016. According to the programme this will be sufficient, as Cyprus during the programme period in addition will: Receive €1.0bn extraordinary revenue from privatization of government assets, ensure an automatic roll-over of €1.0bn maturing
Treasury Bills and €1.0bn of maturing bonds held by domestic creditors, bring down the funding need for bank recapitalization with €8.7bn — of which 0.4bn is reinjection of future profit earned by the Cyprus Central Bank (injected in advance at the short term by selling its gold reserve) and €8.3bn origin from the bail-in of creditors in Laiki bank and Bank of Cyprus. The forced automatic rollover of maturing bonds held by domestic creditors were conducted in 2013, and equaled according to some credit rating agencies a "selective default" or "restrictive default", mainly because the fixed yields of the new bonds did not reflect the market rates — while maturities at the same time automatically were extended. Cyprus successfully concluded its three-year financial assistance programme at the end of March 2016, having borrowed a total of €6.3 billion from the
982:
frozen programme to 30 June 2015, paving the way within this new deadline for the possibility of transfer terms first to be renegotiated and then finally complied with to ensure completion of the programme. As Greece withdrew unilaterally from the process of settling renegotiated terms and time extension for the completion of the programme, it expired uncompleted on 30 June 2015. Hereby, Greece lost the possibility to extract €13.7bn of remaining funds from the EFSF (€1.0bn unused PSI and Bond
Interest facilities, €10.9bn unused bank recapitalization funds and a €1.8bn frozen tranche of macroeconomic support), and also lost the remaining SDR 13.561bn of IMF funds (being equal to €16.0bn as per the SDR exchange rate on 5 Jan 2012), although those lost IMF funds might be recouped if Greece settles an agreement for a new third bailout programme with ESM — and passes the first review of such programme.
1084:) on 11 December 2012. A second tranch for "category 2" banks on €1.86n was approved by the Commission on 20 December, and finally transferred by ESM on 5 February 2013. "Category 3" banks were also subject for a possible third tranch in June 2013, in case they failed before then to acquire sufficient additional capital funding from private markets. During January 2013, all "category 3" banks however managed to fully recapitalise through private markets and thus will not be in need for any State aid. The remaining €58.7bn of the initial support package is thus not expected to be activated, but will stay available as a fund with precautionary capital reserves to possibly draw upon if unexpected things happen — until 31 December 2013. In total €41.3bn out of the available €100bn was transferred. Upon the scheduled exit of the programme, no follow-up assistance was requested.
974:
implemented in
December 2012), the total amount of bailout funds sums up to €245.6bn. The first bailout resulted in a payout of €20.1bn from IMF and €52.9bn from GLF, during the course of May 2010 until December 2011, and then it was technically replaced by a second bailout package for 2012-2016, which had a size of €172.6bn (€28bn from IMF and €144.6bn from EFSF), as it included the remaining committed amounts from the first bailout package. All committed IMF amounts were made available to the Greek government for financing its continued operation of public budget deficits and to refinance maturing public debt held by private creditors and IMF. The payments from EFSF were earmarked to finance €35.6bn of
991:
19 August 2015. IMF's transfer of the "remainder of its frozen I+II programme" and their new commitment also to contribute with a part of the funds for the third bailout, depends on a successful prior completion of the first review of the new third programme in
October 2015. Due to a matter of urgency, EFSM immediately conducted a temporary €7.16bn emergency transfer to Greece on 20 July 2015, which was fully overtaken by ESM when the first tranche of the third program was conducted 20 August 2015. Due to being temporary bridge financing and not part of an official bailout programme, the table do not display this special type of EFSM transfer.
24:(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). Since October 2012, the ESM as a permanent new financial stability fund to cover any future potential bailout packages within the eurozone, has effectively replaced the now defunct GLF + EFSM + EFSF funds. Whenever pledged funds in a scheduled bailout program were not transferred in full, the table has noted this by writing
938:
2012. In
December 2012 a preliminary estimate indicated, that the needed overall bailout package should have a size of €17.5bn, comprising €10bn for bank recapitalisation and €6.0bn for refinancing maturing debt plus €1.5bn to cover budget deficits in 2013+2014+2015, which in total would have increased the Cypriot debt-to-GDP ratio to around 140%. The final agreed package however only entailed a €10bn support package, financed partly by IMF (€1bn) and ESM (€9bn), because it was possible to reach a fund saving agreement with the Cypriot authorities, featuring a direct closure of the most troubled
1041:
amounts had been transferred, except for the last tranche of €2.6bn (1.7bn from EFSM and 0.9bn from IMF), which the
Portuguese government declined to receive. The reason why the IMF transfers still mounted to slightly more than the initially committed €26bn, was due to its payment with SDR's instead of euro — and some favorable developments in the EUR-SDR exchange rate compared to the beginning of the programme. In November 2014, Portugal received its last delayed €0.4bn tranche from EFSM (post programme), hereby bringing its total drawn bailout amount up at €76.8bn out of €79.0bn.
979:
available to cover continued operation of public budget deficits. The combined programme was scheduled to expire in March 2016, after IMF had extended their programme period with extra loan tranches from
January 2015 to March 2016 (as a mean to help Greece service the total sum of interests accruing during the lifespan of already issued IMF loans), while the Eurogroup at the same time opted to conduct their reimbursement and deferral of interests outside their bailout programme framework — with the EFSF programme still being planned to end in December 2014.
1067:
Development Policy Loan with a deferred drawdown option valid from
January 2013 through December 2015. The World Bank will throughout the period also continue providing earlier committed development programme support of €0.891bn, but this extra transfer is not accounted for as "bailout support" in the third programme due to being "earlier committed amounts". In April 2014, the World Bank increased their support by adding the transfer of a first €0.75bn
998:), and also include establishment of a new privatization fund to conduct sale of Greek public assets — of which the first generated €25bn will be used for early repayment of the bailout loans earmarked for bank recapitalizations. Potential debt relief for Greece, in the form of longer grace and payment periods, will be considered by the European public creditors after the first review of the new programme, by October/November 2015.
1023:
and the remaining €7.5bn paid by "domestic cash resources", which helped increase the program total to €85bn. As this extra amount by technical terms is an internal bail-in, it has not been added to the bailout total. As of 31 March 2014 all committed funds had been transferred, with EFSF even paying
1066:
Romania had a second €4bn precautionary credit line established jointly by IMF and EU, of which IMF accounts for SDR 1.75134bn = €2bn, which is available to draw money from if needed during the period from
October 2013 to 30 September 2015. In addition the World Bank also made €1bn available under a
990:
A new third bailout programme worth €86bn in total, jointly covered by funds from IMF and ESM, will be disbursed in tranches from August 2015 until August 2018. The programme was approved to be negotiated on 17 July 2015, and approved in full detail by the publication of an ESM facility agreement on
1079:
Spain's €100bn support package has been earmarked only for recapitalisation of the financial sector. Initially an EFSF emergency account with €30bn was available, but nothing was drawn, and it was cancelled again in
November 2012 after being superseded by the regular ESM recapitalisation programme.
1057:
Romania had a precautionary credit line with €5.0bn available to draw money from if needed, during the period March 2011-June 2013; but entirely avoided to draw on it. During the period, the World Bank however supported with a transfer of €0.4bn as a DPL3 development loan programme and €0.75bn as
978:
restructured government debt (as part of a deal where private investors in return accepted a nominal haircut, lower interest rates and longer maturities for their remaining principal), €48.2bn for bank recapitalization, €11.3bn for a second PSI debt buy-back, while the remaining €49.5bn were made
937:
When it became evident Cyprus needed an additional bailout loan to cover the government's fiscal operations throughout 2013–2015, on top of additional funding needs for recapitalization of the Cypriot financial sector, negotiations for such an extra bailout package started with the Troika in June
981:
Due to the refusal by the Greek government to comply with the agreed conditional terms for receiving a continued flow of bailout transfers, both IMF and the Eurogroup opted to freeze their programmes since August 2014. To avoid a technical expiry, the Eurogroup postponed the expiry date for its
973:
Many sources list the first bailout was €110bn followed by the second on €130bn. When you deduct €2.7bn due to Ireland+Portugal+Slovakia opting out as creditors for the first bailout, and add the extra €8.2bn IMF has promised to pay Greece for the years in 2015-16 (through a programme extension
1040:
Portugal completed its support programme as scheduled in June 2014, one month later than initially planned due to awaiting a verdict by its constitutional court, but without asking for establishment of any subsequent precautionary credit line facility. By the end of the programme all committed
956:
framework in Cypriot financial institutions, (3) Fiscal consolidation to help bring down the Cypriot governmental budget deficit, (4) Structural reforms to restore competitiveness and macroeconomic imbalances, (5) Privatization programme. The Cypriot debt-to-GDP ratio is on this background now
928:
Cyprus received in late December 2011 a €2.5bn bilateral emergency bailout loan from Russia, to cover its governmental budget deficits and a refinancing of maturing governmental debts until 31 December 2012. Initially the bailout loan was supposed to be fully repaid in 2016, but as part of
993:
The loans of the program has an average maturity of 32.5 years and carry a variable interest rate (currently at 1%). The program has earmarked transfer of up till €25bn for bank recapitalization purposes (to be used to the extent deemed needed by the annual stress tests of
1720:"FIFTH REVIEW UNDER THE EXTENDED ARRANGEMENT UNDER THE EXTENDED FUND FACILITY, AND REQUEST FOR WAIVER OF NONOBSERVANCE OF PERFORMANCE CRITERION AND REPHASING OF ACCESS; STAFF REPORT; PRESS RELEASE; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR GREECE"
1006:
Hungary recovered faster than expected, and thus did not receive the remaining €4.4bn bailout support scheduled for October 2009-October 2010. IMF paid in total 7.6 out of 10.5 billion SDR, equal to €9.1bn out of €12.5bn at current exchange rates.
929:
establishment of the later following second Cypriot bailout programme, Russia accepted a delayed repayment in eight biannual tranches throughout 2018–2021 - while also lowering its requested interest rate from 4.5% to 2.5%.
2374:
47:
1071:, with the final second FEG-DPL tranch on €0.75bn (worth about $ 1bn) to be contracted in the first part of 2015. No money had been drawn from the precautionary credit line, as of May 2014.
107:
2612:"European Economy Occasional Papers 130: Financial Assistance Programme for the Recapitalisation of Financial Institutions in Spain — Second Review of the Programme Spring 2013"
2667:
2398:
1020:
2430:
1769:
965:. The remaining €2.7 billion of the ESM bailout was never dispensed, due to the Cypriot government's better than expected finances over the course of the programme.
1851:
40:
2586:
2269:
1485:
2694:
1184:
2615:
952:
agreement in April 2013, and include: (1) Recapitalisation of the entire financial sector while accepting a closure of the Laiki bank, (2) Implementation of the
1449:
2329:
2300:
116:
2505:
1996:
1080:
The first ESM recapitalisation tranch of €39.47bn was approved 28 November, and transferred to the bank recapitalisation fund of the Spanish government (
1598:
1542:
2375:"PROGRAM DOCUMENT ON A PROPOSED LOAN IN THE AMOUNT OF €750 MILLION TO ROMANIA: FOR THE FIRST FISCAL EFFECTIVENESS AND GROWTH DEVELOPMENT POLICY LOAN"
2014:
89:
1819:
1287:
1081:
2040:
2663:
2391:
16:
The table below provides an overview of the financial composition of all bailout programs being initiated for EU member states, since the
2190:
2144:
1900:
2557:
125:
2423:
1730:
1049:
Romania recovered faster than expected, and thus did not receive the remaining €1.0bn bailout support originally scheduled for 2011.
2531:
2118:
1032:
Latvia recovered faster than expected, and thus did not receive the remaining €3.0bn bailout support originally scheduled for 2011.
2236:
2641:
2484:"State aid: Commission approves restructuring plans of Spanish banks BFA/Bankia, NCG Banco, Catalunya Banc and Banco de Valencia"
2062:
1873:
1124:
1847:
134:
2294:"2013/531/EU: Council Decision of 22 October 2013 providing precautionary Union medium-term financial assistance to Romania"
1705:
2579:
2353:
2258:
2093:
2076:
1834:"Council implementing decision (EU) 2015/1181 of 17 July 2015: on granting short-term Union financial assistance to Greece"
1629:
1474:
2528:"State aid: Commission approves restructuring plans of Spanish banks Liberbank, Caja3, Banco Mare Nostrum and Banco CEISS"
1573:
1783:
1016:
1925:
1192:
2259:"Occasional Papers 156: Overall assessment of the two balance-of-payments assistance programmes for Romania, 2009-2013"
2611:
1674:
1442:
1395:
1304:
2322:
1513:
1158:
2293:
1236:
1968:
17:
1420:
1688:
1833:
1259:
1982:
1517:
1373:
995:
958:
143:
1019:
also paid €17.5bn for the program on behalf of the Irish government, of which €10bn were injected by the
962:
949:
67:
1622:
2699:
975:
1351:
1024:€0.7bn more, so that the total amount of funds had been marginally increased from €67.5bn to €68.2bn.
2212:"Convert Euros (EUR) and Special Drawing Rights (SDR): Currency Exchange Rate Conversion Calculator"
2166:"Convert Euros (EUR) and Special Drawing Rights (SDR): Currency Exchange Rate Conversion Calculator"
1922:"Convert Euros (EUR) and Special Drawing Rights (SDR): Currency Exchange Rate Conversion Calculator"
1657:
85:
2010:
1755:
2186:
2140:
1896:
1770:"ESM Board of Governors approves decision to grant, in principle, stability support to Greece"
2580:"European Economy Occasional Papers 118: The Financial Sector Adjustment Programme for Spain"
1802:
953:
2553:
1719:
2458:
2036:
1612:
1329:
8:
2527:
2483:
2114:
2011:"Statement by Vice-President Siim Kallas on Portugal's decision regarding programme exit"
1946:
2232:
1727:
Table 13. Greece: Schedule of Proposed Purchases under the Extended Arrangement, 2012–16
948:
The final conditions for activation of the bailout package was outlined by the Troika's
2094:"Occasional Papers 191: The Economic Adjustment Programme for Portugal Eleventh Review"
2637:
2354:"Occasional Papers 165 - Romania: Balance-of-Payments Assistance Programme 2013-2015"
1352:"Speech: Statement on Cyprus in the European Parliament (SPEECH/13/325 by Olli Rehn)"
1206:
1095:
These references will appear in the article, but this list appears only on this page.
2424:"Financial Assistance Facility Agreement between ESM, Spain, Bank of Spain and FROB"
1989:
1947:"Dáil Éireann Debate (Vol.733 No.1): Written Answers — National Cash Reserves"
1658:"Frequently Asked Questions on the EFSF: Section E – The programme for Greece"
1305:"Eurogroup statement on a possible macro-financial assistance programme for Cyprus"
1117:
59:
1756:"Greece: An Update of IMF Staff's Preliminary Public Debt Sustainability Analysis"
1568:
1566:
2225:
1563:
943:
2211:
2165:
1630:"The Second Economic Adjustment Programme for Greece (Third review July 2013)"
2688:
2037:"Statement by the EC, ECB, and IMF on the Twelfth Review Mission to Portugal"
1921:
1748:
1228:
98:
2392:"World Bank launched Romania's Country Partnership Strategy for 2014-2017"
2115:"Portugal: Final disbursement made from EU financial assistance programme"
1547:
1118:"FAQ about European Financial Stability Facility (EFSF) and the new ESM"
1599:"EFSF Head: Fund to contribute 109.1b euros to Greece's second bailout"
939:
76:
2233:"Press release: IMF Approves Three-Month Extension of SBA for Romania"
586:
21:
1820:"Angela Merkel sees IMF joining Greek bailout, floats debt relief"
2179:
1388:
765:
703:
647:
464:
406:
2453:
2451:
2323:"WORLD BANK GROUP Romania Partnership: COUNTRY PROGRAM SNAPSHOT"
2204:
2158:
1840:
1613:"FAQ – New disbursement of financial assistance to Greece"
1591:
525:
336:
283:
218:
162:
1914:
1652:
1650:
1322:
2664:"Spain successfully exits ESM financial assistance programme"
2448:
2418:
2416:
1975:
827:
1706:"Greece: Financial Position in the Fund as of June 30, 2015"
2506:"Spain requests €39.5bn bank bail-out, but no state rescue"
2299:. Official Journal of the European Union. 29 October 2013.
2187:"IMF Financial Activities — Update September 27, 2012"
1897:"IMF Financial Activities — Update September 30, 2010"
1647:
1543:"Εκτός μνημονίου και επισήμως η Κύπρος μέσα σε τρία χρόνια"
1482:
Occasional Papers 149 (yield spreads displayed by graph 19)
2413:
2077:"The Economic Adjustment Programme for Portugal 2011-2014"
1762:
1058:
results based financing for social assistance and health.
1112:
1110:
1108:
1106:
1104:
1102:
20:
erupted in September 2008. EU member states outside the
2604:
2397:. ACTMedia — Romanian Business News. 29 May 2014.
2141:"IMF Financial Activities — Update March 24, 2011"
1663:. European Financial Stability Facility. 19 March 2015.
1207:"Cyprus Gets Second 1.32 Bln Euro Russian Loan Tranche"
1069:
Fiscal Effectiveness and Growth Development Policy Loan
2546:
2133:
1889:
1712:
1258:
Hadjipapas, Andreas; Hope, Kerin (14 September 2011).
2361:
ANNEX 1: Financial Assistance Programmes in 2009-2013
2266:
ANNEX 1: Financial Assistance Programmes in 2009-2013
1997:"International Loan Programme: Questions and Answers"
1971:. National Treasury Management Agency. 31 March 2014.
1826:
1797:
1795:
1793:
1784:"Eurogroup statement on the ESM programme for Greece"
1574:"The Second Economic Adjustment Programme for Greece"
1099:
1537:
1535:
1153:
1151:
1149:
1147:
1145:
1848:"EFSM: Council approves €7bn bridge loan to Greece"
2530:. Europa (European Commission). 20 December 2012.
1790:
1822:. National Post (Financial Post). 17 August 2015.
1803:"FAQ on ESM/EFSF financial assistance for Greece"
1532:
1376:. Kathimerini (English edition). 12 December 2012
1282:
1280:
1142:
2695:European Union politics and government templates
2686:
2486:. Europa (European Commission). 28 November 2012
1874:"Third supplemental memorandum of understanding"
1786:. Council of the European Union. 14 August 2015.
1159:"Balance of Payments — European Commission"
2101:ANNEX 3: Indicative Financing Needs and Sources
1969:"Ireland's EU/IMF Programme: Programme Summary"
1374:"Cyprus could lower debt post-bailout with ESM"
942:and a forced bail-in recapitalisation plan for
2063:"Portugal to do without final bailout payment"
1475:"The Economic Adjustment Programme for Cyprus"
1277:
1257:
1508:
1506:
41:
2572:
2459:"FAQ — Financial Assistance for Spain"
1836:. Official Journal of the EU. 18 July 2015.
1293:. Cypriot Ministry of Finance. 22 May 2014.
1288:"Public Debt Management Annual Report 2013"
1983:"Balance-of-payments assistance to Latvia"
1503:
48:
34:
2429:. European Commission. 29 November 2012.
2117:. European Commission. 12 November 2014.
1675:"EFSF programme for Greece expires today"
1514:"Cyprus successfully exits ESM programme"
1330:"European Commission statement on Cyprus"
2585:. European Commission. 16 October 2012.
2380:. World Bank — IBRD. 29 April 2014.
2082:. European Commission. 17 October 2014.
1949:. Houses of the Oireachtas. 24 May 2011
1260:"Cyprus nears €2.5bn Russian loan deal"
2687:
2614:. European Commission. 19 March 2013.
2560:from the original on 11 December 2012
2534:from the original on 23 December 2012
2436:from the original on 22 December 2012
2363:. European Commission. November 2013.
2121:from the original on 29 November 2014
2103:. European Commission. 23 April 2014.
2043:from the original on 20 December 2021
2017:from the original on 20 December 2021
1251:
1179:
1177:
1175:
2303:from the original on 16 January 2014
1484:. European Commission. 17 May 2013.
1354:. European Commission. 17 April 2013
1332:. European Commission. 20 March 2013
1130:from the original on 22 January 2011
2554:"ESM financial assistance to Spain"
2239:from the original on 7 October 2013
2013:. European Commission. 5 May 2014.
1985:. European Commission. 17 May 2013.
1850:. Council of the EU. 17 July 2015.
1635:. European Commission. 29 July 2013
1017:National Treasury Management Agency
13:
2644:from the original on 22 April 2014
2618:from the original on 24 April 2013
2268:. European Commission. July 2013.
1172:
14:
2711:
2401:from the original on 3 March 2016
1854:from the original on 20 July 2015
1736:from the original on 23 July 2015
1579:. European Commission. March 2012
1491:from the original on 16 July 2019
1455:from the original on 3 April 2013
1239:from the original on 21 July 2012
1229:"Russia loans Cyprus 2.5 billion"
2592:from the original on 3 July 2017
2508:. The Telegraph. 3 December 2012
1551:(in Greek). Athens. 1 April 2016
1423:. Eurozone Portal. 16 March 2013
1185:"Financial assistance to Greece"
2670:from the original on 8 May 2014
2656:
2630:
2520:
2498:
2476:
2384:
2367:
2346:
2335:from the original on 2014-06-27
2315:
2286:
2275:from the original on 2015-09-25
2251:
2193:from the original on 2014-03-28
2147:from the original on 2014-03-28
2107:
2086:
2069:
2055:
2029:
2003:
1961:
1939:
1928:from the original on 2020-07-31
1903:from the original on 2014-03-28
1866:
1812:
1776:
1698:
1681:
1667:
1605:
1467:
1443:"Eurogroup Statement on Cyprus"
1435:
1421:"Eurogroup Statement on Cyprus"
1413:
1396:"Eurogroup Statement on Cyprus"
1366:
1344:
1297:
1221:
1199:
1021:National Pensions Reserve Fund
1:
1310:. Eurogroup. 13 December 2012
1209:. RiaNovosti. 26 January 2012
1090:
961:and €1 billion from the
1518:European Stability Mechanism
1448:. Eurogroup. 25 March 2013.
996:European Banking Supervision
959:European Stability Mechanism
7:
1999:. Latvian Finance Ministry.
1601:. Marketall. 16 March 2012.
963:International Monetary Fund
226:2013-05-13 until 2016-03-31
10:
2716:
2328:. World Bank. April 2014.
1401:. Eurogroup. 12 April 2013
1161:. Ec.europa.eu. 2013-01-31
1094:
2666:. ESM. 31 December 2013.
2640:. ESM. 31 December 2013.
2065:. EurActiv. 13 June 2014.
2556:. ESM. 5 February 2013.
1689:"FAQ document on Greece"
1618:. EFSF. 22 January 2013.
1123:. EFSF. 3 August 2012.
18:global financial crisis
2464:. ESM. 7 December 2012
2235:. IMF. 20 March 2013.
1808:. ESM. 19 August 2015.
1729:. IMF. 10 June 2014.
954:anti-money laundering
1772:. ESM. 17 July 2015.
1758:. IMF. 14 July 2015.
1708:. IMF. 18 July 2015.
1694:. ESM. 13 July 2015.
1677:. ESM. 30 June 2015.
2039:. IMF. 2 May 2014.
1235:. 10 October 2011.
322:130.9 out of 144.6
837:July 2012-Dec.2013
355:(proportion of 86,
329:215.9 out of 245.6
2700:Finance templates
1088:
1087:
920:
919:
886:
885:Nov.2008-Aug.2018
838:
777:
776:Oct 2013-Sep 2015
715:
714:Mar 2011-Jun 2013
665:12.6 out of 13.6
659:
658:May 2009-Jun 2011
624:24.3 out of 25.6
603:26.5 out of 27.4
597:
596:May 2011-Jun 2014
536:
535:Dec.2008-Dec.2011
475:
474:Nov.2010-Dec.2013
417:
416:Nov.2008-Oct.2010
392:
360:
348:
347:Aug.2015-Aug.2018
301:32.1 out of 48.1
295:
294:May 2010-Jun.2015
230:
229:May 2013-Mar.2016
174:
173:Dec.2011-Dec.2012
156:
152:Bailout in total
149:
140:
131:
122:
113:
104:
95:
82:
73:
2707:
2680:
2679:
2677:
2675:
2660:
2654:
2653:
2651:
2649:
2634:
2628:
2627:
2625:
2623:
2608:
2602:
2601:
2599:
2597:
2591:
2584:
2576:
2570:
2569:
2567:
2565:
2550:
2544:
2543:
2541:
2539:
2524:
2518:
2517:
2515:
2513:
2502:
2496:
2495:
2493:
2491:
2480:
2474:
2473:
2471:
2469:
2463:
2455:
2446:
2445:
2443:
2441:
2435:
2428:
2420:
2411:
2410:
2408:
2406:
2396:
2388:
2382:
2381:
2379:
2371:
2365:
2364:
2358:
2350:
2344:
2343:
2341:
2340:
2334:
2327:
2319:
2313:
2312:
2310:
2308:
2298:
2290:
2284:
2283:
2281:
2280:
2274:
2263:
2255:
2249:
2248:
2246:
2244:
2229:
2223:
2222:
2220:
2219:
2208:
2202:
2201:
2199:
2198:
2183:
2177:
2176:
2174:
2173:
2162:
2156:
2155:
2153:
2152:
2137:
2131:
2130:
2128:
2126:
2111:
2105:
2104:
2098:
2090:
2084:
2083:
2081:
2073:
2067:
2066:
2059:
2053:
2052:
2050:
2048:
2033:
2027:
2026:
2024:
2022:
2007:
2001:
2000:
1993:
1987:
1986:
1979:
1973:
1972:
1965:
1959:
1958:
1956:
1954:
1943:
1937:
1936:
1934:
1933:
1918:
1912:
1911:
1909:
1908:
1893:
1887:
1886:
1884:
1883:
1878:
1870:
1864:
1863:
1861:
1859:
1844:
1838:
1837:
1830:
1824:
1823:
1816:
1810:
1809:
1807:
1799:
1788:
1787:
1780:
1774:
1773:
1766:
1760:
1759:
1752:
1746:
1745:
1743:
1741:
1735:
1724:
1716:
1710:
1709:
1702:
1696:
1695:
1693:
1685:
1679:
1678:
1671:
1665:
1664:
1662:
1654:
1645:
1644:
1642:
1640:
1634:
1626:
1620:
1619:
1617:
1609:
1603:
1602:
1595:
1589:
1588:
1586:
1584:
1578:
1570:
1561:
1560:
1558:
1556:
1539:
1530:
1529:
1527:
1525:
1510:
1501:
1500:
1498:
1496:
1490:
1479:
1471:
1465:
1464:
1462:
1460:
1454:
1447:
1439:
1433:
1432:
1430:
1428:
1417:
1411:
1410:
1408:
1406:
1400:
1392:
1386:
1385:
1383:
1381:
1370:
1364:
1363:
1361:
1359:
1348:
1342:
1341:
1339:
1337:
1326:
1320:
1319:
1317:
1315:
1309:
1301:
1295:
1294:
1292:
1284:
1275:
1274:
1272:
1270:
1255:
1249:
1248:
1246:
1244:
1225:
1219:
1218:
1216:
1214:
1203:
1197:
1196:
1191:. Archived from
1181:
1170:
1169:
1167:
1166:
1155:
1140:
1139:
1137:
1135:
1129:
1122:
1114:
922:
921:
884:
874:
868:41.3 out of 100
867:
836:
835:
819:
816:
785:
782:
775:
774:
758:1.15 out of 6.15
757:
754:
723:
720:
713:
712:
696:19.6 out of 20.6
695:
664:
657:
656:
640:76.8 out of 79.0
639:
629:
623:
602:
595:
594:
578:
575:
544:
541:
534:
533:
517:
507:
501:
480:
473:
472:
457:15.6 out of 20.0
456:
426:9.1 out of 12.5
425:
422:
415:
414:
398:
390:
389:
387:
354:
353:
346:
345:
300:
293:
292:
275:
268:
265:
238:
235:
228:
227:
210:
207:
172:
171:
154:
147:
138:
129:
120:
111:
102:
93:
80:
71:
56:
55:
50:
43:
36:
2715:
2714:
2710:
2709:
2708:
2706:
2705:
2704:
2685:
2684:
2683:
2673:
2671:
2662:
2661:
2657:
2647:
2645:
2636:
2635:
2631:
2621:
2619:
2610:
2609:
2605:
2595:
2593:
2589:
2582:
2578:
2577:
2573:
2563:
2561:
2552:
2551:
2547:
2537:
2535:
2526:
2525:
2521:
2511:
2509:
2504:
2503:
2499:
2489:
2487:
2482:
2481:
2477:
2467:
2465:
2461:
2457:
2456:
2449:
2439:
2437:
2433:
2426:
2422:
2421:
2414:
2404:
2402:
2394:
2390:
2389:
2385:
2377:
2373:
2372:
2368:
2356:
2352:
2351:
2347:
2338:
2336:
2332:
2325:
2321:
2320:
2316:
2306:
2304:
2296:
2292:
2291:
2287:
2278:
2276:
2272:
2261:
2257:
2256:
2252:
2242:
2240:
2231:
2230:
2226:
2217:
2215:
2210:
2209:
2205:
2196:
2194:
2185:
2184:
2180:
2171:
2169:
2164:
2163:
2159:
2150:
2148:
2139:
2138:
2134:
2124:
2122:
2113:
2112:
2108:
2096:
2092:
2091:
2087:
2079:
2075:
2074:
2070:
2061:
2060:
2056:
2046:
2044:
2035:
2034:
2030:
2020:
2018:
2009:
2008:
2004:
1995:
1994:
1990:
1981:
1980:
1976:
1967:
1966:
1962:
1952:
1950:
1945:
1944:
1940:
1931:
1929:
1924:. Curvert.com.
1920:
1919:
1915:
1906:
1904:
1895:
1894:
1890:
1881:
1879:
1876:
1872:
1871:
1867:
1857:
1855:
1846:
1845:
1841:
1832:
1831:
1827:
1818:
1817:
1813:
1805:
1801:
1800:
1791:
1782:
1781:
1777:
1768:
1767:
1763:
1754:
1753:
1749:
1739:
1737:
1733:
1722:
1718:
1717:
1713:
1704:
1703:
1699:
1691:
1687:
1686:
1682:
1673:
1672:
1668:
1660:
1656:
1655:
1648:
1638:
1636:
1632:
1628:
1627:
1623:
1615:
1611:
1610:
1606:
1597:
1596:
1592:
1582:
1580:
1576:
1572:
1571:
1564:
1554:
1552:
1541:
1540:
1533:
1523:
1521:
1520:. 31 March 2016
1512:
1511:
1504:
1494:
1492:
1488:
1477:
1473:
1472:
1468:
1458:
1456:
1452:
1445:
1441:
1440:
1436:
1426:
1424:
1419:
1418:
1414:
1404:
1402:
1398:
1394:
1393:
1389:
1379:
1377:
1372:
1371:
1367:
1357:
1355:
1350:
1349:
1345:
1335:
1333:
1328:
1327:
1323:
1313:
1311:
1307:
1303:
1302:
1298:
1290:
1286:
1285:
1278:
1268:
1266:
1264:Financial Times
1256:
1252:
1242:
1240:
1227:
1226:
1222:
1212:
1210:
1205:
1204:
1200:
1183:
1182:
1173:
1164:
1162:
1157:
1156:
1143:
1133:
1131:
1127:
1120:
1116:
1115:
1100:
1096:
1093:
1015:In Ireland the
992:
980:
947:
875:41.3 out of 100
872:
865:
833:
817:
814:
798:0.0 out of 2.0
786:0.0 out of 2.0
783:
780:
772:
755:
752:
736:0.0 out of 1.4
724:0.0 out of 3.6
721:
718:
710:
693:
662:
654:
637:
627:
621:
600:
592:
576:
573:
557:2.9 out of 3.1
554:0.0 out of 2.2
545:1.1 out of 1.7
542:
539:
531:
515:
505:
499:
478:
470:
454:
438:5.5 out of 6.5
423:
420:
412:
396:
385:
384:
358:
356:
351:
343:
298:
290:
276:7.3 out of 10.0
273:
269:6.3 out of 9.0
266:
263:
236:
233:
225:
208:
205:
169:
153:
146:
137:
128:
119:
110:
101:
92:
79:
70:
54:
12:
11:
5:
2713:
2703:
2702:
2697:
2682:
2681:
2655:
2638:"Spain's exit"
2629:
2603:
2571:
2545:
2519:
2497:
2475:
2447:
2412:
2383:
2366:
2345:
2314:
2285:
2250:
2224:
2214:. Coinmill.com
2203:
2178:
2168:. Coinmill.com
2157:
2132:
2106:
2085:
2068:
2054:
2028:
2002:
1988:
1974:
1960:
1938:
1913:
1888:
1865:
1839:
1825:
1811:
1789:
1775:
1761:
1747:
1711:
1697:
1680:
1666:
1646:
1621:
1604:
1590:
1562:
1531:
1516:. Luxembourg:
1502:
1466:
1434:
1412:
1387:
1365:
1343:
1321:
1296:
1276:
1250:
1220:
1198:
1195:on 2016-03-04.
1171:
1141:
1097:
1092:
1089:
1086:
1085:
1073:
1072:
1060:
1059:
1051:
1050:
1043:
1042:
1034:
1033:
1026:
1025:
1009:
1008:
1000:
999:
984:
983:
967:
966:
944:Bank of Cyprus
931:
930:
918:
917:
914:
911:
908:
905:
902:
899:
896:
893:
890:
887:
882:
881:Total payment
878:
877:
869:
863:
860:
857:
854:
851:
848:
845:
842:
839:
831:
823:
822:
820:2.5 out of 6.5
811:
808:
805:
802:
799:
796:
793:
790:
787:
778:
770:
761:
760:
749:
746:
743:
740:
737:
734:
731:
728:
725:
716:
708:
699:
698:
690:
687:
684:
681:
678:
675:
672:
669:
666:
660:
652:
643:
642:
634:
631:
625:
619:
616:
613:
610:
607:
604:
598:
590:
582:
581:
579:4.5 out of 7.5
570:
567:
564:
561:
558:
555:
552:
549:
546:
537:
529:
521:
520:
512:
509:
503:
497:
494:
491:
488:
485:
482:
476:
468:
460:
459:
451:
448:
445:
442:
439:
436:
433:
430:
427:
418:
410:
402:
401:
393:
382:
379:
376:
373:
370:
367:
364:
361:
349:
341:
332:
331:
326:
323:
320:
317:
314:
311:
308:
305:
302:
296:
288:
279:
278:
270:
261:
258:
255:
252:
249:
246:
243:
240:
231:
223:
214:
213:
202:
199:
196:
193:
190:
187:
184:
181:
178:
175:
167:
158:
157:
150:
141:
132:
123:
114:
105:
96:
83:
74:
65:
62:
53:
52:
45:
38:
30:
9:
6:
4:
3:
2:
2712:
2701:
2698:
2696:
2693:
2692:
2690:
2669:
2665:
2659:
2643:
2639:
2633:
2617:
2613:
2607:
2588:
2581:
2575:
2559:
2555:
2549:
2533:
2529:
2523:
2507:
2501:
2485:
2479:
2460:
2454:
2452:
2432:
2425:
2419:
2417:
2400:
2393:
2387:
2376:
2370:
2362:
2355:
2349:
2331:
2324:
2318:
2302:
2295:
2289:
2271:
2267:
2260:
2254:
2238:
2234:
2228:
2213:
2207:
2192:
2188:
2182:
2167:
2161:
2146:
2142:
2136:
2120:
2116:
2110:
2102:
2095:
2089:
2078:
2072:
2064:
2058:
2042:
2038:
2032:
2016:
2012:
2006:
1998:
1992:
1984:
1978:
1970:
1964:
1948:
1942:
1927:
1923:
1917:
1902:
1898:
1892:
1875:
1869:
1853:
1849:
1843:
1835:
1829:
1821:
1815:
1804:
1798:
1796:
1794:
1785:
1779:
1771:
1765:
1757:
1751:
1732:
1728:
1721:
1715:
1707:
1701:
1690:
1684:
1676:
1670:
1659:
1653:
1651:
1631:
1625:
1614:
1608:
1600:
1594:
1575:
1569:
1567:
1550:
1549:
1544:
1538:
1536:
1519:
1515:
1509:
1507:
1487:
1483:
1476:
1470:
1451:
1444:
1438:
1422:
1416:
1397:
1391:
1375:
1369:
1353:
1347:
1331:
1325:
1306:
1300:
1289:
1283:
1281:
1265:
1261:
1254:
1238:
1234:
1230:
1224:
1208:
1202:
1194:
1190:
1186:
1180:
1178:
1176:
1160:
1154:
1152:
1150:
1148:
1146:
1126:
1119:
1113:
1111:
1109:
1107:
1105:
1103:
1098:
1083:
1078:
1075:
1074:
1070:
1065:
1062:
1061:
1056:
1053:
1052:
1048:
1045:
1044:
1039:
1036:
1035:
1031:
1028:
1027:
1022:
1018:
1014:
1011:
1010:
1005:
1002:
1001:
997:
989:
986:
985:
977:
972:
969:
968:
964:
960:
955:
951:
945:
941:
936:
933:
932:
927:
924:
923:
915:
912:
909:
906:
903:
900:
897:
894:
891:
888:
883:
880:
879:
876:
870:
864:
861:
858:
855:
852:
849:
846:
843:
840:
832:
830:
829:
825:
824:
821:
812:
809:
806:
803:
800:
797:
794:
791:
788:
779:
771:
769:
767:
763:
762:
759:
750:
747:
744:
741:
738:
735:
732:
729:
726:
717:
709:
707:
705:
701:
700:
697:
691:
688:
685:
682:
679:
676:
673:
670:
667:
661:
653:
651:
649:
645:
644:
641:
635:
632:
626:
620:
617:
614:
611:
608:
605:
599:
591:
589:
588:
584:
583:
580:
571:
568:
565:
562:
559:
556:
553:
550:
547:
538:
530:
528:
527:
523:
522:
519:
513:
510:
504:
498:
495:
492:
489:
486:
483:
477:
469:
467:
466:
462:
461:
458:
452:
449:
446:
443:
440:
437:
434:
431:
428:
419:
411:
409:
408:
404:
403:
400:
394:
383:
380:
377:
374:
371:
368:
365:
362:
357:to be decided
350:
342:
340:
338:
334:
333:
330:
327:
324:
321:
318:
315:
312:
309:
306:
303:
297:
289:
287:
285:
281:
280:
277:
271:
262:
259:
256:
253:
250:
247:
244:
241:
232:
224:
222:
220:
216:
215:
212:
203:
200:
197:
194:
191:
188:
185:
182:
179:
176:
168:
166:
164:
160:
159:
151:
145:
142:
136:
133:
127:
124:
118:
115:
109:
106:
100:
97:
91:
87:
84:
78:
75:
69:
66:
63:
61:
58:
57:
51:
46:
44:
39:
37:
32:
31:
29:
27:
23:
19:
2672:. Retrieved
2658:
2646:. Retrieved
2632:
2620:. Retrieved
2606:
2594:. Retrieved
2574:
2562:. Retrieved
2548:
2536:. Retrieved
2522:
2510:. Retrieved
2500:
2488:. Retrieved
2478:
2466:. Retrieved
2438:. Retrieved
2403:. Retrieved
2386:
2369:
2360:
2348:
2337:. Retrieved
2317:
2305:. Retrieved
2288:
2277:. Retrieved
2265:
2253:
2241:. Retrieved
2227:
2216:. Retrieved
2206:
2195:. Retrieved
2181:
2170:. Retrieved
2160:
2149:. Retrieved
2135:
2123:. Retrieved
2109:
2100:
2088:
2071:
2057:
2045:. Retrieved
2031:
2019:. Retrieved
2005:
1991:
1977:
1963:
1951:. Retrieved
1941:
1930:. Retrieved
1916:
1905:. Retrieved
1891:
1880:. Retrieved
1868:
1856:. Retrieved
1842:
1828:
1814:
1778:
1764:
1750:
1738:. Retrieved
1726:
1714:
1700:
1683:
1669:
1637:. Retrieved
1624:
1607:
1593:
1581:. Retrieved
1555:22 September
1553:. Retrieved
1546:
1524:22 September
1522:. Retrieved
1493:. Retrieved
1481:
1469:
1457:. Retrieved
1437:
1425:. Retrieved
1415:
1403:. Retrieved
1390:
1378:. Retrieved
1368:
1356:. Retrieved
1346:
1334:. Retrieved
1324:
1312:. Retrieved
1299:
1267:. Retrieved
1263:
1253:
1241:. Retrieved
1233:The Guardian
1232:
1223:
1211:. Retrieved
1201:
1193:the original
1189:ec.europa.eu
1188:
1163:. Retrieved
1132:. Retrieved
1076:
1068:
1063:
1054:
1046:
1037:
1029:
1012:
1003:
987:
970:
934:
925:
871:
826:
813:
764:
751:
702:
692:
646:
636:
585:
572:
524:
514:
463:
453:
405:
395:
391:(up till 86)
335:
328:
282:
272:
217:
204:
161:
33:
26:"Y out of X"
25:
15:
2538:29 December
2189:. Imf.org.
2143:. Imf.org.
2125:24 November
1899:. Imf.org.
1548:Kathimerini
1380:13 December
1314:14 December
155:(billion €)
148:(billion €)
139:(billion €)
130:(billion €)
121:(billion €)
112:(billion €)
103:(billion €)
94:(billion €)
81:(billion €)
72:(billion €)
2689:Categories
2596:28 October
2564:5 February
2512:3 December
2490:3 December
2468:8 December
2440:8 December
2339:2014-06-11
2279:2014-06-11
2218:2013-09-27
2197:2013-09-27
2172:2013-09-27
2151:2013-09-27
1932:2018-01-25
1907:2013-09-27
1882:2013-09-27
1639:22 January
1165:2013-09-27
1091:References
940:Laiki Bank
834:2012-07-23
773:2013-09-27
711:2011-03-01
655:2009-05-01
593:2011-05-01
532:2008-12-01
471:2010-11-01
413:2008-11-01
344:2015-08-19
291:2010-05-01
170:2011-12-15
77:World Bank
64:Time span
2047:7 October
1134:19 August
359:Oct.2015)
99:Bilateral
60:EU member
2668:Archived
2642:Archived
2622:24 March
2616:Archived
2587:Archived
2558:Archived
2532:Archived
2431:Archived
2399:Archived
2330:Archived
2301:Archived
2270:Archived
2243:26 April
2237:Archived
2191:Archived
2145:Archived
2119:Archived
2041:Archived
2015:Archived
1953:26 April
1926:Archived
1901:Archived
1852:Archived
1731:Archived
1583:3 August
1486:Archived
1459:25 March
1450:Archived
1427:24 March
1405:20 April
1358:23 April
1336:24 March
1269:13 March
1243:13 March
1237:Archived
1213:24 April
1125:Archived
587:Portugal
22:eurozone
2674:10 June
2648:10 June
2405:11 June
2307:11 June
2021:11 June
1858:20 July
1740:19 July
916:544.05
766:Romania
704:Romania
648:Romania
465:Ireland
407:Hungary
1495:19 May
913:136.3
910:175.3
889:104.9
526:Latvia
337:Greece
284:Greece
219:Cyprus
163:Cyprus
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907:46.8
904:52.9
901:13.4
892:6.05
828:Spain
727:1.15
630:26.0
508:18.4
502:22.5
481:22.5
316:52.9
2676:2014
2650:2014
2624:2013
2598:2012
2566:2013
2540:2012
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2492:2012
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2407:2014
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1860:2015
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1585:2012
1557:2024
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1382:2012
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1316:2012
1271:2012
1245:2012
1215:2013
1136:2012
1082:FROB
898:7.3
895:1.1
789:2.5
677:5.0
671:1.0
668:1.0
551:0.1
548:0.4
518:68.2
490:4.8
429:1.0
286:I+II
239:1.0
186:2.5
135:EFSF
126:EFSM
90:EBRD
976:PSI
950:MoU
768:III
339:III
211:2.5
144:ESM
117:GLF
108:BoP
86:EIB
68:IMF
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