diff --git a/eventlet/hubs/hub.py b/eventlet/hubs/hub.py
index 7dd9ee9..deb942d 100644
--- a/eventlet/hubs/hub.py
+++ b/eventlet/hubs/hub.py
@@ -219,9 +219,6 @@ class BaseHub(object):
         self.next_timers.append((scheduled_time, timer))
         return scheduled_time
 
-    def timer_finished(self, timer):
-        pass
-
     def timer_canceled(self, timer):
         self.timers_canceled += 1
         len_timers = len(self.timers)
@@ -229,7 +226,6 @@ class BaseHub(object):
             self.timers_canceled = 0
             self.timers = [t for t in self.timers if not t[1].called]
             heapq.heapify(self.timers)
-        self.timer_finished(timer)
 
     def prepare_timers(self):
         heappush = heapq.heappush
@@ -282,18 +278,15 @@ class BaseHub(object):
             heappop(t)
 
             try:
-                try:
-                    if timer.called:
-                        self.timers_canceled -= 1
-                    else:
-                        timer()
-                except self.SYSTEM_EXCEPTIONS:
-                    raise
-                except:
-                    self.squelch_timer_exception(timer, sys.exc_info())
-                    clear_sys_exc_info()
-            finally:
-                self.timer_finished(timer)
+                if timer.called:
+                    self.timers_canceled -= 1
+                else:
+                    timer()
+            except self.SYSTEM_EXCEPTIONS:
+                raise
+            except:
+                self.squelch_timer_exception(timer, sys.exc_info())
+                clear_sys_exc_info()
 
     # for debugging:
 
diff --git a/eventlet/hubs/timer.py b/eventlet/hubs/timer.py
index 827d08e..53c4935 100644
--- a/eventlet/hubs/timer.py
+++ b/eventlet/hubs/timer.py
@@ -55,7 +55,6 @@ class Timer(object):
             try:
                 cb(*args, **kw)
             finally:
-                get_hub().timer_finished(self)
                 try:
                     del self.tpl
                 except AttributeError:
@@ -96,10 +95,7 @@ class LocalTimer(Timer):
             if self.greenlet is not None and self.greenlet.dead:
                 return
             cb, args, kw = self.tpl
-            try:
-                cb(*args, **kw)
-            finally:
-                get_hub().timer_finished(self)
+            cb(*args, **kw)
 
     def cancel(self):
         self.greenlet = None