European Union leaders agree a major bailout for Greece over its debt crisis by channelling 109bn euros through the European Financial Stability Facility.
All three main credit ratings agencies cut Greece's rating to a level associated with a substantial risk of default.
2011 October - Eurozone leaders agree a 50% debt write-off for Greece in return for further austerity measures. PM George Papandreou puts the deal in doubt by announcing a referendum on the rescue package.
2011 November - Faced with a storm of criticism over his referendum plan, Mr Papandreou withdraws it and then announces his resignation.