Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

The Euro Crisis Odyssey, Four Years and 19 Summit Meetings Later

- 2012-09-10T14:26:17Z

Photograph by Louisa Gouliamaki/AFP/Getty Images

Company Symbol % Change
2 of 18

October 2009: The Greek Surprise

Oct. 4: George Papandreou leads Socialist Pasok Party to a landslide victory in Greek elections, beating New Democracy by the widest margin since 1981 on pledges to boost spending and wages.

Oct. 18: Almost immediately after the election, Papandreou's government revises Greece's government debt figures, revealing that previous governments had manipulated Greece's economic data. The revised forecasts show Greek debt hitting 13 percent of output for 2009, four times the European limit. The revelation sets off the first chain of bond-rating cuts that push up Greece's costs of borrowing.

Advertisement