This weekend the knot is severed on the future of Greece. What preceded it?
October 2009
It appears that Greece is financially much worse state than it has ever said. The budget deficit is more than 12 percent instead of the allowed 3 percent.
April 2010
financial markets lose confidence and Greece can not borrow more money. Athens ask for help.
May 2010
EU and IMF provide an emergency loan of 110 billion euros
October 2011
Greece will receive a second bailout package worth 130 billion euros. The banking sector should help pay.
January 2015
The Greek crisis flared up again after Alexis Tsipras wins the elections with the promise to put an end to the austerity imposed by Europe .
April 2015
Greek Finance Minister Varoufakis arouses through his unwavering stance chagrin among his European colleagues. “We have enough for five years of humiliation,” he said.
June 2015
June 4
Greece receives approval from the IMF repayments totaling 1.5 billion euros to be made in June, join and to postpone until the end of the month.
June 5
Greek Prime Minister Alexis Tsipras believes that international creditors should get their proposals for a deal on Greek debt problems of the table because it “unrealistic and absurd” to be.
June 14
Talks between Greece and its creditors are broken down without results.
June 18
The IMF stressed that the deadline for the Greeks on June 30 stand remains. Greeks go through all the turmoil of their bank accounts empty.
June 21
Tsipras lays down a proposal by the leaders of the European Union, which he describes as the “final solution ”.
June 22
Finance Ministers of the eurozone and later heads of state and government of the euro countries are at a special summit meeting to the Greek question to discuss. Although the summit ahead as ‘decisive’ was labeled is not reached agreement again.
June 25 Weather
a euro summit ends without agreement. For lenders seem VAT plans and pension reform, the main stumbling blocks. It was decided to further discuss the following Saturday.
June 27
in the night from Friday to Saturday Tsipras surprised with the announcement of a referendum on the proposals of the lenders. The euro countries therefore refuse to vote on Saturday afternoon with the extension of the emergency program, which therefore expires on Tuesday, June 30th.
June 28
The ECB raises the need for support Greek banks are not, so that should close the doors. Greeks may get only 60 euro per day from ATMs.
June 30 Greece
asking in vain for a new financial aid package for the next two years. The repayment obligation to the IMF are not met.
July 5
Greek population rejects the proposals of the creditors in the referendum with a majority off.
July 6
Finance Minister Yanis Varoufakis resigns, in his own words to give negotiations more likely to succeed.
July 7 Greece
is no new proposals for meetings with ministers and heads of government in Brussels. After alerting EU Minister Tusk and committee chairman Juncker that the time is up. Greece given until Thursday to come up with concrete proposals. Over the weekend the euro finance ministers and the heads of government of all 28 EU countries will decide whether the country can still remain in the eurozone.
July 9th
Greece needs new request for assistance. In exchange for the government would be prepared approximately 53 billion euros in loans to a series of economic reforms. The commitments thereby hardly seem to deviate from the requirements that have been rejected in the Greek referendum. It is, the question whether the Greek parliament agrees to the new plan; on the other hand they must be approved by the institutions.
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