Timeline: The Greek debt crisis

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...