June 9, 2010 - The government's stake in Bank of Ireland rises to 36%.
September 30, 2010 - The Central Bank of Ireland announces that the bailout of Anglo Irish bank could end up costing taxpayers €34 billion.
September 30, 2010 - Ireland's deficit is revised to 32% of GDP, the largest deficit for a eurozone member since 1999.
September 30, 2010 - Ireland props up Irish Nationwide Bank with €2.7 billion.
October 26, 2010 - The Irish government announces it must make budget cuts of €15 billion in order to reduce the budget deficit to 3% of GDP by 2014.
November 21, 2010 - Prime Minister Cowen announces that Ireland has applied for aid from the EU and IMF.
November 24, 2010 - Ireland outlines €15 billion in spending cuts and tax increases. It refuses to raise its low tax on corporations. This plan is intended to reduce the budget deficit to 9.1% of GDP in 2011.
November 27, 2010 - Thousands rally in Dublin, protesting the bailout and budget cuts.
November 28, 2010 - Ireland accepts a €67.5 billion bailout package.
December 23, 2010 - The government injects another €3.7 billion into Anglo Irish bank, taking its stake to 93%.
March 31, 2011 - An examination of the books of Irish banks shows a €24 billion shortfall. The Central Bank of Ireland says that it expects that the government will take control of the country's six largest banks.
June 1, 2012 - Ireland's voters approve a European treaty that aims to enforce stricter fiscal discipline.
July 5, 2012 - Ireland completes its first bond sale since its bailout in 2010. The Irish government raises €500 million, or $626 million, by selling 3-month Treasury bills at a yield of 1.80%.
Italy: May 25, 2010 - Italy approves a €24 billion austerity plan, designed to cut the deficit to 2.7% of GDP by 2012.
May 2011 - Italy's debt is €1,900 billion, three times the debt of Greece, Portugal, and Ireland combined. That figure is 120% of GDP.
July 2011 - The IMF tells Italy to reduce its debt.
July 14, 2011 - Italy raises €3 billion from selling bonds, but is forced to pay record interest rates of 5.9%.
July 14, 2011 - The Italian Senate passes a budget with cuts of €48 billion over three years.
August 2, 2011 - The European Commission announces that no debt rescue plan is in the works for Italy.
August 5, 2011 - Prime Minister Silvio Berlusconi and Finance Minister Giulio Tremonti hold emergency talks, and agree to speed up the implementation of austerity measures.
August 12, 2011 - The European Securities and Markets Authority imposes a ban on short selling stock in Italy.
September 7, 2011 - The Italian Senate votes to approves an austerity package designed to bring down the country's soaring budget deficit. The plan would increase the value added tax from 20% to 21% and bring in an additional €4.2 billion per year.
November 8, 2011 - The office of Italian President Giorgio Napolitano announces that Prime Minister Silvio Berlusconi will resign when the country's budget is confirmed by the senate.
November 12, 2011 - The Italian Parliament approves austerity measures which include selling state assets and raising the retirement age.
November 12, 2011 - Prime Minister Silvio Berlusconi resigns from office.