Where did Greece go wrong? Someone needs to ask our President that question because he's taking us down the same path. The word is that Portugal and Italy are next. Europe to follow.
The violence is in reaction to austerity legislation the EU and the IMF demanded they pass in exchange for a 30 billion euro ($40 billion) bailout. Greece has a retirement age of 54, huge pension plans, they get 6 weeks paid leave annually and national health care. It's a nanny state and the people aren't taking kindly to their benefits being cut. Greece has no choice because they have no money. The IMF is funded in part by US taxpayers. We're bailing out Greece.
"The legislation, which includes tax hikes, pension reforms and deep cuts in public sector bonuses which will slash take-home pay for a fifth of the workforce, is being pushed through in exchange for aid of 110 billion euros -- the first rescue of a member of the common currency bloc."