ESM timeline
ESM disburses first loan to Spain (for bank recapitalisation)
11 December 2012ESM disburses first loan to Cyprus
13 May 2013ESM issues inaugural bond (5-year, €7 bn bond)
8 October 2013Lithuania becomes 19th member of the ESM
3 February 2015ESM disburses first loan to Greece
20 August 2015ESM Working Paper Series is launched
25 September 2015ESM short-term debt relief measures for Greece approved
23 January 2017ESM issues its first bond denominated in US dollars
24 October 2017Greece successfully concludes ESM programme
20 August 2018Pandemic Crisis Support instrument is approved
15 May 2020ESM Members sign revised Treaty
20 January 2021Contact
