Safety measures concerning the Coronavirus COVID-19. Read more about the measures.

x
Media Name: greece_euro_reduced_0.jpg

Greece

PROGRAMME TIMELINE FOR GREECE

2010

Programme 1
Feb. 2010

Greek government reveals that budget data had previously been misreported

March 2010

Greek borrowing costs rise to unsustainable levels

May 2010
Feb 2012

2nd programme for Greece agreed, to be provided by EFSF and IMF

Yield on Greek 10-year bonds peaks at 33.7%; restructuring (53.5% haircut) of Greek government bonds held by banks

2011

2012

Programme 2
2014

Greece’s economy starts growing after 6 years of decline

Apr 2014

Greece returns to bond issuance for the first time in 4 years

Jan 2015

New government announces major policy shift, halting previous reform agenda

Jul 2015

Eurogroup leaders agree with Greece on new loan in exchange for reforms

ESM Board of Governors approves ESM programme for Greece ESM makes first loan disbursement of €13 bn to Greece

2013

2014

2015