Greece and debt, nothing new but the protests continue.

Greece has, since adopting the Euro in 2002 seemed to always be in debt. So much debt that this year, its debt has amounted to 13.6% of its GDP. In order to reduce its debt, Greece has agreed to adopt austerity measures in return for an international rescue package in the amount of 110 billion euro(95 billion pounds). These measures included but were not limited to: Erasing bonus payments for workers in the public sector, slapping taxes on illegal construction, Raising taxes by 10% on fuel, alchohol, and tobacco.

The Greeks have been protesting in the streets, both violently and silently, saying the measures are taking money away from the poor who need it the most.The EU will be providing 80 billion euros in aid. Germany, a member of the EU, will be providing money and part of that money (22 million euros) will be coming from private banks. The rest of the money will be coming from the IMF. Of course these are loans. The purpose of these loans, and the purpose is to reduce Greece's debt from 13.6% of GDP to 3% by 2014.