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

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

Photograph by Eric Feferberg/AFP/Getty Images

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October: Crisis Summit

Oct. 26-27: EU leaders hold their 14th crisis summit in 21 months. After more than 10 hours of talks, leaders agree to leverage the EU's temporary bailout fund to boost its firepower to 1 trillion euros, force private investors to accept a 50 percent haircut on Greek bonds, push European banks to raise 106 billion euros in new capital, and extend a new aid package worth 130 billion euros for Greece.

Left, former President of France, Nicolas Sarkozy.