The question of whether Greece will withdraw from the euro has become a prickly problem for the world economy. To make matters worse, following a general election on May 6, Greek political parties have been unable to form a new government. A survey revealed that 78 percent of Greeks reject the bailout agreement arrived at between Greece, the IMF and the European Central Bank (ECB), and the austerity policies it entails.
Greeks have easy and comfortable lives. Their average wage is higher than those of other countries with comparable economies. Greek welfare provisions are generous and civil servants enjoy high pay and benefits.