So what does it feel like when your country goes bust? Can ordinary people carry on supporting their families and going about their lives?
We went to question-and-answer site Quora for some insight in to the hardships Greek citizens are facing.
Elena Alexi, a 23-year-old student, is about to graduate university, where she studied to be an electrical and computer engineer, but she sees no future for herself or her generation of young Greeks.
“I feel deeply disappointed, sad and hopeless,” she wrote. “I have always worked hard. You cannot make plans or have dreams while this situation is going on and on.”
She wrote that her parents are hardworking small business owners who have weathered the crisis for five years, but are now “not sure if they will be able to pay their employees' salaries and taxes”. Alexi had hoped to go abroad after her studies to gather knowledge and return to Greece to create a business of her own, she wrote. “These days, I don't know if we will have food in two weeks from now...” She added: “I guess, if this situation continues, the only way will be to become an immigrant, working hard to send money to my family.”
While the average income for Greek workers has fallen by at least 40%, civil engineer Georgios Bekas’ salary has been cut by more than 70%, due to the lack of opportunities for new construction in the country.
Entrepreneur Anestis Samourkasidis, is also managing on less and has seen his personal income halve. “While I can still feed my family -- and I feel good about that -- we find it difficult to go out, go on vacation or casually buy clothes or shoes.” Although Samourkasidis wrote that he‘s “one of the ‘lucky’ 2,500,000 Greeks still working, not one of the 1,500,000 unemployed”.
Twenty-year-old computer scientist Kostas Kirimis, wrote that the rich in Greece have become richer and middle income citizens “are on the verge of bankruptcy”. But the poorest are out on the streets, “there are homeless people almost everywhere in Athens,” he wrote.
Kirimis plans to move to another country in order to find a job. “Many students at my age can't go to their universities because they don't have money to pay for the rent.”