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

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

Photograph by Yves Logghe/AP Photo

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January 2010: "No Plan B"

Jan. 14: Greece adopts three-year plan to bring the European Union's biggest budget deficit within the EU limit in 2012. The same day, ECB President Jean-Claude Trichet says Greece won't win any special treatment from the central bank.

Jan. 21: Greek Finance Minister George Papaconstantinou says Greece won't need a rescue package. The yield on Greece's 10-year bond reaches 6.248 percent, a euro-era high.

Jan. 29: EU Commissioner Joaquin Almunia says in Davos there is no "Plan B" for Greece. "Greece will not default. In the euro area, default does not exist."

Feb. 2: Greek government announces austerity package to get its deficit to 3 percent of GDP in 2012.

Feb. 11: EU leaders hold their first emergency summit on Greece. EU agrees to take "determined and coordinated action" to protect financial stability of the euro area, without giving further details.

Left, EU Commissioner Joaquin Almunia.

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