Timeline: The Greek debt crisis

clock

After the €110bn bailout of Greece on Sunday, Investment Week brings you a timeline of the country's economic turmoil in 2010.

14 January - Greece unveils a stability programme saying it will aim to cut its budget gap to 2.8% of GDP in 2012 from 12.7% in 2009. Unions protesting against the austerity plan announce strikes for February. 2 February - Prime Minister George Papandreou says on February the Government will extend a public sector wage freeze to those making below €2,000 a month for 2010, excluding seniority pay hikes. Jan/Feb - Greece must refinance €54bn in debt in 2010, with a crunch in second quarter as more than €20bn becomes due. A 5-year bond issue in January is five times oversubscribed but th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

Investors cautiously turn to Europe as US credibility falters under Trump's tariffs

Investors cautiously turn to Europe as US credibility falters under Trump's tariffs

Rising Treasury yields and falling US indices

Sorin Dojan
clock 17 April 2025 • 3 min read
Deutsche Bank Research questions length of European equities rally

Deutsche Bank Research questions length of European equities rally

P/E ratio gap between US and Europe falling

Sorin Dojan
clock 24 March 2025 • 2 min read
Lansdowne Partners' Jonathon Regis: Opportunities in Europe amid a new world order

Lansdowne Partners' Jonathon Regis: Opportunities in Europe amid a new world order

Banks and building materials

Jonathon Regis
clock 17 March 2025 • 3 min read
Trustpilot
Loading page