ECB Timeline

Main

First Covered Bonds Program

06/04/09 - 06/30/10

Securities Market Program

5/10/2010 - 9/06/2012

Second Covered Bonds Program

10/6/11 - 10/31/12

Outright Monetary Transactions Program Announced

8/2/12

Outright Monetary Transactions Program Enacted

09/06/12 - 1/22/13

Programs

European Financial Stability Facility Established

6/7/10

European Stability Mechanism Established

9/27/2012

Assistance

Greece Seeks Financial Support

4/23/10

Ireland Seeks Financial Support

11/21/10

Spain/Cyprus Request Financial Support

6/27/12