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European Union, Financial Timeline Saturday, March 20 Bookmark and Share     Author
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Summary.     Click for More > PM vows to slash huge government deficit  Greece: Workers protest against austerity measures imposed by a government trying to dig its way out of a financial crisis that threatens to engulf Europe EU agrees on bonus claw-back call G20 pledges tougher bank action. London G20 ministers meet amid divisions. London Banks face huge losses from $50B 'scam'. London European banks rescue plan agreed. Paris EU chiefs confront markets crisis. Paris World's central banks slash interest rates. London UK bank rescue package imminent. United Kingdom Plan to save German bank 'agreed'. Berlin Another top European bank falters. Germany No banks bail-out fund for Europe. Paris EU leaders meet to discuss credit crisis. Paris Barclays agrees $1.75B Lehman deal. United Kingdom Rogue trader to cost SocGen $7bn   Paris: Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros EU leaders agree 7-year budget. Belgium G8 ministers back Africa debt deal   London: Finance ministers have agreed to cancel up to $55 billion worth of debt owed by the world's poorest nations Afghanistan wins $8.2bn in aid. Berlin   Euro mark celebrations  People lined up in freezing temperatures to get a jump on the most ambitious currency swap in history Denmark rejects euro
EU ministers agree Greek plan. Belgium EU close to Greece bail-out deal Budget crisis is like wartime situation - PM
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  Greece: Prime Minister George Papandreou has likened the country's budget crisis to a 'wartime situation' and said Greece was at risk of bankruptcy
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EU ministers agree Greek plan Map of Brussels Belgium  Belgium: After a meeting in Brussels, Europe's finance ministers have agreed how to help Greece in its battle to control its finances EU close to Greece bail-out deal  The EU is poised to reach agreement on a multi-billion euro bail-out after weeks of crisis. The package would provide loans and guarantees Budget crisis is like wartime situation - PM


March 2010 ... more > Top ^
Mar. 15
Mar. 12
Mar. 2
  Greece: Prime Minister George Papandreou has likened the country's budget crisis to a 'wartime situation' and said Greece was at risk of bankruptcy


February 2010 ... more > Top ^
Feb.16 Bomb blast hits J.P. Morgan building
. Greece Feb.11 French finance minister defends euro. France Feb.10 PM vows to slash huge government deficit
  Greece: Workers protest against austerity measures imposed by a government trying to dig its way out of a financial crisis that threatens to engulf Europe


January 2010 ... more > Top ^


year 2009 Top ^

Nov.29 EU pushes for strong yuan Sep.17 EU agrees on bonus claw-back call  The leaders meeting in Brussels approved the clause as part of a common EU position for next week's G20 summit in the US Sep.5 G20 pledges tougher bank action
   London: Finance ministers from the most powerful economies have agreed a series of measures to try to regulate the global banking system Sep.4 Bonus row opens up G20 divisions. London Mar.25  PM attacks Obama spending Mar.19 EU aims to double emergency cash. Belgium Mar.13 G20 ministers meet amid divisions   London: Rifts are emerging as finance ministers from developing countries and major powers prepare to meet in England Feb.22 EU heads back financial clampdown. Berlin Feb.21 Huge protest over Irish economy. Ireland Feb.5  UK interest rates cut to new low Jan.15  Eurozone interest rates cut to 2% Jan.9  Lloyds pays $350m to end US case Jan.8  Interest rates hit all-time low Jan.7  Banks rescue suicide billionaire's interests Jan.3  Austria takes over bank hit by Madoff

year 2008 Top ^

Dec.29  Pound hits new low against euro Dec.15   Banks face huge losses from $50B 'scam'   London: Some of the biggest names in global finance have lost hundreds of millions of dollars in a 'pyramid scheme' by Bernard Madoff
Nov.24 Darling cuts VAT in pre-Budget. London Nov.6 UK interest rates slashed to 3%. London Oct.17 Parliament passes bank bailout. Berlin Oct.12 European banks rescue plan agreed  Paris: European leaders meeting have agreed a plan to tackle the banking crisis, saying no big institution will be allowed to fail Oct.11 EU chiefs confront markets crisis   Paris: The 15 eurozone leaders are to meet to try to establish a common approach to the financial crisis follow up and execute upon a G7 plan Oct.8 World's central banks slash interest rates
   London: The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market losses Oct.7 UK bank rescue package imminent  United Kingdom: Chancellor Alistair Darling to announce details of a £50bn rescue package for the UK banking system Oct.6 EU finance chiefs in crisis talks. Luxembourg Oct.5 Plan to save German bank 'agreed'  Berlin: The government and banks have agreed a 50bn euro plan to save one of the country's biggest banks Oct.4 Another top European bank falters   Germany: Germany's 2nd-largest mortgage lender, Hypo Real Estate, is teetering on the brink of collapse after a banking consortium withdrew from tal... No banks bail-out fund for Europe   Paris: France, Britain, Germany and Italy have agreed to work together to support financial institutions - but without forming a joint bail-out fun... EU leaders meet to discuss credit crisis  Paris: European leaders are meeting to discuss their approach to global financial crisis. Sarkozy planned to meet Brown, Merkel, and Berlusconi Sep.17 Barclays agrees $1.75B Lehman deal  United Kingdom: British bank Barclays said it had reached a deal to purchase key units of U.S. investment bank, as global markets continued to worry Jul.25 Obama links NATO troops to U.S. tax cuts. Paris May.1 Income details posted on web. Italy Apr.18 Bank £50bn mortgage rescue plan. London Mar.14 EU leaders urge banks to reveal losses Mar.12 Second SocGen employee detained. Paris Mar.11 Central banks plan emergency cash Feb.15 Deutsche Postbank posts 39% loss. Berlin Jan.30 Societe Generale CEO keep jobs. Paris Jan.28 Trader 'concealed deals'. Paris Jan.27 Trader 'staked 50bn euros'. Paris Jan.24 Rogue trader to cost SocGen $7bn
  Paris: Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros


year 2007 Top ^

Dec.18 ECB lends $500bn to lower rates Dec.12 UK welcomes world cash injection. London Central banks act on credit fears. Washington Nov.22  Airbus fears 'weak-dollar death' Nov.20  Bank data of 25 millions missing Aug.10 Central banks pour money into system. London

year 2005 Top ^

Dec.16 EU leaders agree 7-year budget  Belgium: The leaders agreed on a spending plan for the bloc seen as key to shaping the future of an enlarged EU  UK making final EU budget offer Dec.1  ECB ignores fears to raise rates Jun.16  EU heading for budget collision Jun.11 G8 ministers back Africa debt deal
   London: Finance ministers have agreed to cancel up to $55 billion worth of debt owed by the world's poorest nations
Jun.10  Hopes raised of Africa debt deal Apr.10  MG Rover gets £6.5m loan lifeline Feb.5  G7 backs Africa debt relief plan Jan.12  Creditors back tsunami debt relief

year 2004 Top ^

Apr.16  Bundesbank boss resigns Mar.31 Afghanistan wins $8.2bn in aid  Berlin: International donors have pledged $4.4 billion in new aid to Afghanistan for 2005

year 2003 Top ^

Dec.16 Joint plan to relieve Iraq debt. Germany Sep.14 Voters rejects euro currency. Sweden

year 2002 Top ^

Dec.12  EU deal on funding enlargement Jan.1   Euro mark celebrations
  People lined up in freezing temperatures to get a jump on the most ambitious currency swap in history.    The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and...


year 2001 Top ^

Dec.14  Euro coins go on sale Aug.30  Euro officially launched

year 2000 Top ^

Sep.28   Denmark rejects euro  53.1% of voters rejected membership of the single European currency, and 46.9 % voted in favour