The European Stability Mechanism, a rescue fund set up to withstand further crises in the eurozone, has reached more than half its capital target.
Eurozone members transferred the third tranche of paid-in capital to the ESM by 30 April, said ESM managing director Klaus Regling on Wednesday.
The fund now has 48 billion euros ($A61.44 billion). AAP reports two remaining tranches are to be paid in October and April next year.
"Upon payment of the final tranche, the ESM will have a paid-in capital of 80 billion euros," Mr Regling said.
In a year the ESM will have reached a lending capacity of 500 billion euros, he said, not counting an existing 192 billion euros in commitments to its predecessor, the European Financial Stability Facility.
