The European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM) have revised their funding needs for this year and the next. The EFSF will now raise €49 billion in total in 2017, an increase of €9 billion. The ESM will raise €12.5 billion in total this year, a decrease of €4.5 billion. The combined funding needs for the two institutions for 2017 will, therefore, be €61.5 billion. While this means an overall increase of €4.5 billion in comparison to the numbers announced previously, the joint funding needs for the remainder of the year will decrease by €1.7 billion.
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