Same is going to happen here in Portugal, but let me not be going that way or this will turn to a wall of text. In short the politicians from these countries (Greece and Portugal) have long sold themselves to big money interests. They charge the bulk of measures in the dwindling middleclass and poor, lower labor value, etc. This makes the economy go into a downward spiral that will only end in generalized social breakup.
By personal experience, shit ain't so good over here
By personal experience, shit ain't so good over here