June 29, 2012 - European leaders reach a deal to create a single supervisory body to oversee the eurozone's banks which could use the single currency area's rescue funds, the European Financial Stability Facility or European Stability Mechanism, to aid banks directly without adding to governments' debt.
September 12, 2012 - The German Constitutional Court rules against a group of conservative politicians who requested an injunction that would bar Germany from ratifying the treaty governing the European Stability Mechanism.
November 15, 2012 - The eurozone officially slips into recession. It's the second recession since 2009, making it a double dip.
December 13, 2012 - The European Union reaches a banking supervision agreement with the European Central Bank.
Upcoming Events: January 1, 2014 - Latvia is scheduled to join the eurozone as the 18th member country.
2012 Eurozone Figures: (from Eurostat) - Debt as a percentage of GDP (must not exceed 60%) - Deficit as a percentage of GDP (must not exceed 3%)
Austria - Debt: 73.4% - Deficit: - 2.5%
Belgium - Debt: 99.6% - Deficit: - 3.9%
Cyprus - Debt: 85.8% - Deficit: - 6.3%
Estonia - Debt: 10.1% - Deficit: -.3%
Finland - Debt: 53% - Deficit: - 1.9%
France - Debt: 90.2% - Deficit: - 4.8%
Germany - Debt: 81.9% - Deficit: .2%
Greece - Debt: 156.9% - Deficit: - 10%
Ireland - Debt: 117.6% - Deficit: - 7.6%
Italy - Debt: 127% - Deficit: - 3.0%
Luxembourg - Debt: 20.8% - Deficit: - 0.8%
Malta - Debt: 72.1% - Deficit: - 3.3%
The Netherlands - Debt: 71.2% - Deficit: - 4.1%
Portugal - Debt: 123.6% - Deficit: - 6.4%
Slovakia - Debt: 43.3% - Deficit: - 4.3%
Slovenia - Debt: 54.1% - Deficit: - 4%
Spain - Debt: 84.2% - Deficit: - 10.6%