Timeline: The Greek debt crisis

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After the €110bn bailout of Greece on Sunday, IFAonline brings you a timeline of the country's economic turmoil in 2010.

14 January - Greece unveils a stability programme saying it will aim to cut its budget gap to 2.8% of GDP in 2012 from 12.7% in 2009. Unions protesting against the austerity plan announce strikes for February. 2 February - Prime Minister George Papandreou says on February the Government will extend a public sector wage freeze to those making below €2,000 a month for 2010, excluding seniority pay hikes. Jan/Feb - Greece must refinance €54bn in debt in 2010, with a crunch in second quarter as more than €20bn becomes due. A 5-year bond issue in January is five times oversubscribed but th...

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