Greek debt crisis: It's getting ugly (UPDATED)

A demonstrator throws a stone at riot police during a protest against plans for new austerity measures June 15, 2011 in Athens, Greece.
Milos Bicanski

It's another typical day in debt-ridden Greece: angry protests, a general strike, government disagreement about what to do, and an uneasy sense that the country — and potentially the European economy — smells worse than week-old feta cheese.

In the latest unrest, thousands of angry people swarmed Syntagma sqare in Athens, protesting Prime Minister George Papandreou's 5-year austerity plan to head off default.

The Greek government's desperate measures include tax hikes, spending cuts, and a so-far-unsuccessful firesale of state property.

Nobody is happy.

The police were out in full force today in Athens, lobbing stun grenades at club-wielding, rock-throwing Greeks:

"We want them out. Obviously these measures are not going to get us out of the crisis," Antony Vatselas, a 28-year-old mechanical engineer told Reuters. "They want only us to pay for it. And they are doing nothing. I want the debt to be erased. If this doesn't happen, there is no exit for Greece."

Others shouted "Theives, traitors. Where did the money go?"


Greek PM Papandreou has now offered to reshuffle his cabinet, and will face a confidence vote Thursday.