To avoid the legislative ratification procedures required for treaties under international law, the programme was set up as an intergovernmental agreement consisting of:
the Memorandum of Economic and Financial Policies (MEFP),
the Memorandum of Understanding on Specific Economic Policy Conditionality (MoU),
and the Technical Memorandum of Understanding (TMU), the actual Loan Facility Agreement.
The agreements were signed on 16 December 2010[when?] by the Irish government and the European Commission.
Financial aid
The total amount of €85 billion would consist of €67.5 billion external support, consisting of:
↑Figure 2 within Corsetti, Giancarlo; Erce, Aitor; Uy, Timothy (2020). "Official sector lending during the euro area crisis". The Review of International Organizations. 15 (3): 667–705. doi:10.1007/s11558-020-09388-9. S2CID225624817.
