All bailout programs at a glance

 

The euro zone’s bailout funds offer different kinds of support, each with its own set of conditions

Full Bailout (Received by Greece, Ireland, Portugal)

•Funds country’s entire deficit

•Keeps the country out of the market for several years

•Very strict conditions targeting the whole economy

•Implementation verified by the European Union, the European Central Bank and the International Monetary Fund

Banking-Sector Support (Promised to Spain)

•Lends government money to recapitalize wobbly banks

•Government continues to raise money on financial markets to finance rest of deficit

•Conditions targeted at banking sector

•Implementation verified by EU, ECB, IMF

Bond-Market Support (Possible for Italy and Spain)

•Bailout fund buys country’s bonds on secondary market

•Government continues to raise money on financial markets to finance deficit

•Lighter conditions tied to bringing down deficits, economic imbalances

•Verification mechanism yet to be decided

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