Greek crisis

On December 2009, the world's three main credit ratings agencies, Fitch, Standard & Poor's and Moody's, downgrade Greece's debt.

Later on Greece admitted the size of its debt – nearly 13 percent of its annual gross domestic product, or four times the amount EU budget rules allow

Today, German Chancellor Angela Merkel met her Greek counterpart George Papandreou to discuss Greece’s financial crisis, as tensions rise over whether Germany will provide crucial support to an EU bailout for the heavily indebted Mediterranean country.