Timeline of events: 2009-2018
20 October 2009
The Bank of Greece announces that government accounts are much worse than previously reported.
April-May 2010
Greek borrowing costs rise to unsustainable levels, Greece seeks financial assistance.
2 May 2010
Approval of 3-year joint financial assistance programme for Greece by euro area countries (bilaterally) and IMF.
Eurogroup Statement13 March 2012
Second adjustment programme for Greece is agreed, to be provided by the EFSF and IMF.
Council press releaseMarch 2012
27 November 2012
Eurogroup agrees series of debt relief measures for Greece
10 April 2014
Greece returns to financial markets, raising €3 billion through a 5-year bond issue.
25 January 2015
Syriza party wins parliamentary election in Greece.
30 June 2015
EFSF programme for Greece expires.
17 July 2015
ESM Board of Governors approves the decision to grant, in principle, stability support to Greece. This allows negotiations on policy conditionality to start.
19 August 2015
ESM Board of Governors approves ESM programme for Greece.
23 January 2017
ESM and EFSF approve short-term debt relief measures for Greece.
25 July 2017
Greece returns to bond market, after 3 years.
22 June 2018
Eurogroup commends Greece on completion of all prior actions of final programme review; Eurogroup also agrees medium-term debt relief measures.
Contacts
