Greek bail-out timeline

• May 2010: EU and IMF agree bail-out package to prevent Greece defaulting on its debts; in return, Greece agrees to make 30bn euros of budget cuts over the next three years
• February 2011: EU and IMF experts tell Greece it must make further cuts to keep its recovery on track
• April 2011: EU figures reveal Greek deficit revised up to 10.5%, worse than previously thought
• May 2011: Greece begins privatisation programme but is warned the IMF may not release more funds because Athens cannot guarantee it will remain solvent for the next 12 months
• 29 June 2011: Deadline for Greece to agree new austerity package