Greek Debt Crisis Timeline. Timeline 18 October 2009. In 2011 and 2013 the Greek parliament approved austerity budgets. The 110 billion 79 1billion. Greece announces a.
In the face of rising government borrowing costs the country first requested international assistance in April 2010. The deal includes a 535 percent debt write-down or haircutfor private Greek bondholders. When Greece became the 10th member of. Before the crisis country officials had been understating the. Timeline of the Debt Crisis in Greece. We take a look at the countrys turbulent.
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In December Greece admits that its debts have reached 300bn euros -. Borrowing costs begin an. Talks on refinancing these with further bailout funds are once again stalled. The Greek government-debt crisis began in 2009 and as of November 2017 was still ongoing. CNBCs Phil Han tracks the Greek debt crisis since it first began back in 2004. George Papandreous new socialist government reveals a black hole in government accounts.