But seeing the vast numbers on the street, the government ministries occupied, the violence, it has to be asked whether Greece can impose these new austeritymeasures.
Correcting these imbalances by implementing austerity measures the tack taken so far or by pursuing the somewhat higher inflation that some economists have called for, is not easily achievable.
With these economies now squaring up to the prospect of an extended period of austeritymeasures and real wage cuts, it is inconceivable to see how the EZ can survive in its current form beyond 2013.
Perhaps the chaos and turmoil that is likely to ensue in Greece after a default would scare these other nations and make them more receptive to the kind of bailout deals and austeritymeasures desperately required to remedy this whole mess.