Abbreviations and acronyms
AMC
Asset management company
APP
Asset purchase programme
BRRD
Bank recovery and resolution directive
CAP
Common agricultural policy
EBA
European Banking Authority
ECB
European Central Bank
EDP
Excessive deficit procedure
EFSI
European fund for strategic investments
EIB
European Investment Bank
ERDF
European regional development fund
ESF
European social fund
ESIF
European structural and investment funds
EU
European Union
EUR
Euro
GDP
Gross domestic product
IFRS
International Financial Reporting Standards
IMF
International Monetary Fund
LTROs
Long-term refinancing operations
MTO
Medium-term objective
NPLs
Non-performing loans
QE
Quantitative easing
R&D
Research and development
SGP
Stability and Growth Pact
SMEs
Small and medium-sized enterprises
SoEs
State-owned entreprises
SSM
Single supervisory mechanism
TLTROs
Targeted long-term refinancing operations
USD
United States dollar