January 15, 2009: Anglo-Irish Bank is nationalised amid scandals over lending and fears over a failing loan book.
February 11: A €7bn bank recapitalisation programme is announced, with the Government taking preference shares in Allied Irish Banks and Bank of Ireland.
February 24: The Government vows to bring to justice those who risked the country's economic security after the fraud squad raided the headquarters of Anglo.
March 3: Taoiseach Brian Cowen announces a supplementary Budget to raise more revenue and cut spending.
April 7: The Government unveils an emergency Budget, doubling income and health levies and announcing controversial "bad bank" the National Asset Management Agency (Nama).
December 9: Finance Minister Brian Lenihan unveils €4bn in cuts and tax hikes in Budget 2010, with the minister claiming the economy had turned a corner.
January 29, 2010: Ireland's Central Bank predicts the country's economy will turn the corner by the summer.
June 9: A damning report by Central Bank Governor Professor Patrick Honohan and experts Klaus Regling and Max Watson states the banking meltdown was a result of "home-made" decisions rather than the global economic crisis.
September 20: Prof Honohan warns that more than the expected €3bn of cuts maybe needed in the Budget.
November 4: The Government reveals it will impose a €6bn cost-cutting Budget for 2011 - twice the initial estimate.
November 12: Mr Cowen denies Ireland has approached Europe for emergency funds amid reports of behind-the-scenes talks.
November 14: Two senior Cabinet ministers dismiss suggestions of a bail-out, with one branding them fiction.
November 18: Prof Honohan says he expects the country to get a loan worth tens of billions through an International Monetary Fund-European Union rescue deal.
November 21: The Government confirms it will seek an IMF/EU bail-out.
November 22: The Greens, junior partner in the coalition, call for a General Election. The Taoiseach says he will dissolve the Dail after laws are passed to enact Budget 2011.
November 24: A four-year €15bn plan to restore the crippled finances is unveiled.
November 28: The Government announces an €85bn IMF/EU bail-out.
December 7: Parliament to vote on austerity budget.
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