Who contributed to the Irish financial assistance package?
The programme for Ireland was financed as follows:
- €67.5 billion in external support including
- €17.7 billion from EFSF (this was the EFSF’s first financial assistance programme);
- €22.5 billion from EFSM (European Financial Stabilisation Mechanism – an EU facility funded through bonds issued by the European Commission);
- €22.5 billion from IMF;
- €4.8 billion in bilateral loans from the UK (€3.8 billion), Sweden (€0.6 billion) and Denmark (€0.4 billion);
- €17.5 billion domestic contribution (from the Irish Treasury and the National Pension Fund Reserve)