By Dimitra Kessenides, Bloomberg
August 2015
Greece signs a third bailout deal with the European Commission, agreeing to sweeping reforms in exchange for fresh loans in the amount of €86 billion.
Fall 2015
Greek lawmakers raise the retirement age, cut pensions, and increase the sales tax.
Oct. 31, 2015
After stress-testing the country’s top four banks, the European Central Bank says they’ll need €4.4 billion ($4.8 billion) to €14.4 billion of additional capital.
Nov. 6, 2015
The deadline for banks to submit plans detailing how they’ll raise the additional capital.
Winter 2016
Euro area member states will discuss easing Greece’s debt burden, following the successful completion of the first bailout review.
March-April 2016
Lenders will assess how much progress the country has made toward fiscal health. An unsatisfactory review could lead them to demand more austerity measures, again raising the question of a Grexit.
