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Period: to
The Crisis events
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The riots and a political decision (March - May 2011)
In the streets of Athens and major other cities, millions of people protest agaiinst austerity. Riots and clashes with the police become an everyday routine.
In the meantime, PM Giorgos Papandreou is preparing for the second bailout program, after evidently failed to implement the reforms included in the first one. -
Papandreou resigns (October-December 2011)
Greek crisis escalates and resembles to true political thriller. PM George Papandreou asks for a referendum in EU summit in Cannes, and German Chancellor Angela Merkel threatens to pull the plug of support to the Greek economy. At the same time, the ruling party demands Mr Papandreou's immediate resignation. George Papandreou eventually resigns on Novermber the 6th. -
Greece unable to elect new government (June -July 2012)
Elections are held for the first time since Papandreou's resignation and Greek citizens don't give a vote of trust to any political party. That summer the country experienced two rounds of elections as no party had the majority and none of them was willing to form a coalition government. Eventually the right wing leader Antonis Samaras agreed with the Social Party to form a new government on early July 2012. -
Coalition government in crisis - Three dead in riots (May - July 2013)
Coalition government faces collapse, when the leftist party DIMAR, one of the three participating parties, resigns, due to the Samaras' decision to close down the state broadcast media ERT. The government struggles to survive with just one seat extra in the Parliament.
In the streets of Athens, a tragic event during riots shocks the country, when rioters throws petrol bombs in a bank branch while people were still inside. The building caughts fire and 3 people die of suffocation. -
The referendum, the default and the capital controls (June-August 2015)
The newly elected leftist PM Alexis Tsipras denies implementing new bailout deal proposed by Jean Claude Juncker and Eurozone leader freeze their support in Greece. Tsipras set up a referendum on the new deal and the country supports his decision saying "no" to the proposed reforms. Isolated and unable to repay its debts, the Greek state defaults to its debts to the IMF.
Meanwhile, banks run out of money and the government imposes capital controls to sustain the flee of cash.
