Public support will be granted, if appropriate, to Group 1 and 2 banks as soon as the Commission approves the related plans, following the procedure agreed in the Financial Assistance Facility Agreement. Thus, after funds have been requested for each bank, the European Financial Stability Facility (EFSF) – or, once it becomes operational, the European Stability Mechanism (ESM) – will verify compliance with all the requirements for disbursement and will forward its proposal in this respect to the Euro Working Group for approval. This proposal will take into account the specific national factors needed for consent to be given by.
