Financial assistance

The European Stability Mechanism may provide financial assistance to ESM Members which are experiencing, or threatened by, severe financing problems, if indispensable to safeguard the financial stability of the euro area as a whole and of its Member States. In accordance with Article 136 of the Treaty of the Functioning of the European Union, the granting of any financial assistance under the ESM is subject to strict conditionality.

The ESM has provided financial assistance to Spain for the recapitalisation of its financial sector, and is providing financial assistance to Greece and Cyprus, which are implementing a macroeconomic adjustment programme. For details of the financial assistance, please select the country in the left menu.

© European Stability Mechanism 2015

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