The US business newspaper Wall Street Journal put the key deadlines for repayment of Greece in a row.
It shows that the center of gravity lies in Athens this summer. The bulk of the money will be intended to refinance the debt. The biggest repayments to the International Monetary Fund (IMF) should be done in June and September
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Different debtors of Greece are the European Central Bank (ECB), the IMF, the temporary emergency fund of the eurozone countries (EFSF), the European Investment Bank, private investors, several euro area countries and holders of Greek government bonds
In October 2009 show that Greece is in deep trouble. The public deficit and public debt of the country are much higher than claimed by the previous government.
Although the Greek government initially said to be able to solve the problem itself, makes clear pretty quickly that the country needs outside help.
Fearing that the euro may be endangered, say eurozone countries and the International Monetary Fund a first package of financial aid increasing. In exchange for the relief of 110 billion euros, announced significant cuts to the Greeks.
In the end, Greece will also get a second package of emergency loans pledged from Europe and the IMF totaling 130 billion euros. The troika, comprising the European Central Bank, the IMF and the European Commission must check in the meantime, the country is making sufficient progress with the cuts to see if the country per tranche meets the requirements.
File Greece | What you should know about a ‘Grexit’
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