Eurozone crisis/Timelines: Difference between revisions

From Citizendium
Jump to navigation Jump to search
imported>Nick Gardner
imported>Nick Gardner
No edit summary
Line 1: Line 1:
{{subpages}}
{{subpages}}
{{TOC|right}}
''Credit ratings:<br>
''Standard & Poor (S&P) and Fitch  Investment grades are  AAA, A, and B;  speculative ("junk") grades are BB and B''<br>
''Moodys Investment grades are  Aaa, AA, and Baa;  speculative ("junk") grades are Ba and B''
==2006==
: October: Italy's credit rating downgraded from A+ from AA- by S&P[http://www.marketwatch.com/story/sp-and-fitch-cut-italys-credit-rating-citing-deficit]
==2007==


==2008==
==2008==

Revision as of 05:02, 25 November 2010

This article is developed but not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Catalogs [?]
Timelines [?]
Tutorials [?]
Addendum [?]
 
A timeline (or several) relating to Eurozone crisis.

Credit ratings:
Standard & Poor (S&P) and Fitch Investment grades are AAA, A, and B; speculative ("junk") grades are BB and B
Moodys Investment grades are Aaa, AA, and Baa; speculative ("junk") grades are Ba and B

2006

October: Italy's credit rating downgraded from A+ from AA- by S&P[1]

2007

2008

October: Ireland's bank guarantees
December: Ireland's bank capital injection

2009

January: Anglo Irish Bank nationalised
March: Ireland's credit rating downgraded from AAA to AA+ by S&P
December: Greece's credit rating downgraded from A- to BBB+ by S&P

2010

January:
Ireland's public debt rises to 65 per cent of GDP
Greece's credit rating downgraded to A- by S&P[2]
March:
Eurozone launches the €500bn European Financial Stability Facility[3]
Portugal's credit rating downgraded from AA to A- by Fitch[4]
April:
Spain's credit rating downgraded from AA+ to AA by S&P[5]
Portugal's credit rating downgraded from A+ to A- by S&P[6]
May
Eurogroup/IMF makes available €110 billion to Greece[7]
August:
Ireland's credit rating downgraded to AA- by S&P
IMF/EC review of Greek finances [8]
September:
Further support to Ireland's Anglo Irish Bank, Allied Irish Banks and Irish Nationwide banks
October:
November:
The Irish government applies for assistance from the IMF and the EU [9]
The Irish government announces its National Recovery Plan 2011-14 [10] - an additional €15 billion package of measures intended to reduce the budget deficit to below 3% of GDP by 2014 (comprising ⅔ expenditure reductions and ⅓ revenue increases)