Commission Implementing Decision of 11.07.2018 on the activation of enhanced surveillance for Greece.

Abstract

Since 2010, Greece has been receivingfinancial assistance by the euro area Member States. Specifically, in support of the first Macroeconomic Adjustment Programme, between May 2010 and December 2011 Greece received EUR 52 900 million of bilateral loans from euro area Member States whose currency is the euro, pooled by theCommission under the Greek Loan Facility; in support of the second Macroeconomic Adjustment Programme, between March 2012 and February 2015 Greece received additional loans provided by the European Financial Stability Facility of EUR 130 900 million2; andbetween August 2015 and June 2018 Greece received an additional amount of EUR 59 900million3in form of loans from the European Stability Mechanism. Altogether, Greece's outstanding liabilities towards the euro area Member States, the European Financial Stability Facilityand the European Stability Mechanism come to a total amount of EUR 243 700million. In addition, in support of the first andsecond Economic Adjustment Programmes, Greece also received financial assistance from the International MonetaryFund, amounting to EUR 32 100 million