BIS Review 153/2008  3  As an aside, I should note that I do not expect a revival for some of the most complex structures that were created in recent years to finance a portion of subprime and alt-A mortgages.
In addition to having provided bilateral financial support and having participated in EFSF programmes (committing a total of almost € billion), Italy’s subscribed capital in the ESM amounts to about € billion and its paid-in capital is more than € billion.