4 October 2009 – The centre-left PASOK wins the Greek legislative elections. The party received 43.92% of the popular vote and 160 of 300 parliamentary seats.[4]
20 October 2009 – Greece's budget deficit is expected to reach ~12.5% of GDP, according to disclosure by George Papaconstantinou, finance minister in Greece's new socialist government.[5] This deficit exceeds a threshold of 3% of GDP which was set in the Stability and Growth Pact for all eurozone member states.
22 October 2009 – Greece's credit rating is downgraded by Fitch, one of the Big Three credit ratings agencies, from A to A−.[6]
8 December 2009 – Greece's credit rating is downgraded by Fitch from A− to BBB+.[7]
16 December 2009 – Greece's credit rating is downgraded by Standard and Poor's, another of the Big Three credit ratings agencies.[8]
23 December 2009 – Greece's credit rating is downgraded by Moody's, the third of the Big Three credit ratings agencies, from A1 to A2.[9]
4 October 2009 – The centre-left PASOK wins the Greek legislative elections. The party received 43.92% of the popular vote and 160 of 300 parliamentary seats.[4]20 October 2009 – Greece's budget deficit is expected to reach ~12.5% of GDP, according to disclosure by George Papaconstantinou, finance minister in Greece's new socialist government.[5] This deficit exceeds a threshold of 3% of GDP which was set in the Stability and Growth Pact for all eurozone member states.22 October 2009 – Greece's credit rating is downgraded by Fitch, one of the Big Three credit ratings agencies, from A to A−.[6]8 December 2009 – Greece's credit rating is downgraded by Fitch from A− to BBB+.[7]16 December 2009 – Greece's credit rating is downgraded by Standard and Poor's, another of the Big Three credit ratings agencies.[8]23 December 2009 – Greece's credit rating is downgraded by Moody's, the third of the Big Three credit ratings agencies, from A1 to A2.[9]
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