The Greece Debt Watch

Inside the bailout bonanza.

Bloomberg

By Dimitra Kessenides

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.