`` The current situation is driving most people to distraction because they realize the things being imposed on them are punitive -- absolutely nothing is being done to promote growth , '' said Bob . Retired citizens face extra property tax of € 500 ( $ 690 ) in the next year . European Commission says Greek debt for 2011 stands at nearly € 353 billion ( $ 5000 ) ; pools , big cars and houses are being sold to raise extra cash . Greece has teetered on the edge of defaulting on its debts .
Retired citizens face extra property tax of € 500 ( $ 690 ) in the next year . European Commission says Greek debt for 2011 stands at nearly € 353 billion ( $ 5000 ) ; pools , big cars and houses are being sold to raise extra cash . Greece has teetered on the edge of defaulting on its debts .