Image illustrating the euro zone debt crisis, which began in early 2010 and is affecting the economies of the 17 European Union Member States that use the euro.
Image illustrating the rescue plan introduced to deal with the debt crisis in the euro zone, which began in early 2010 and is affecting the economies of the 17 European Union Member States that use the euro.
To prevent the Greek government debt crisis, which began at the end of 2009, from spreading to the rest of the European Union, the countries in the euro zone and the IMF decide to introduce a first financial rescue package. On 2 May 2010, the Eurogroup approves the granting of €80 billion in financial aid to Greece for the period from May 2010 to June 2013.
At a Tripartite Summit held on 15 February 1991, Václav Havel, President of the Czech and Slovak Federal Republic, József Antall, Prime Minister of the Republic of Hungary, and Lech Walesa, President of the Republic of Poland, establish the Visegrad Group (named after a town near Budapest) by signing the ‘Declaration on cooperation between the Czech and Slovak Federal Republic, the Republic of Poland and the Republic of Hungary in striving for European integration’. They also decide to wind up the institutions created in connection with the Cold War and to disband the Warsaw Pact. The dissolution of the Pact would officially take effect in Prague on 1 July 1991.
