The economy more or less stood still in 2012, but more dangers loom in the coming year.
Vulnerable people in Spain are being made homeless as the county's struggling banks repossess thousands of homes.
Greece will eventually get through this. But there are fears when that happy day eventually arrives, what will be left of civil society?
It also reports that the doors of the parliament building have been locked and an iron fence set up outside to protect it from the protesters.
The Financial Times (£) is reporting that forty officials have resigned en masse from the Bank of Greece because new salary caps would reduce their income by a third.
Riot police on the streets of Athens appear to have had red paint thrown at them.
In the video below, some of the riot police can be seen wiping their visors clean standing next to a large splatter of paint on the road.
Things are going from bad to worse in Athens tonight.
Protesters are throwing fireworks and petrol bombs as clouds of tear gas cover Syntagma Square.
The police have now cleared half of the area outside Greece's parliament building, but they are involved in running battles with campaigners on the city's streets.
Demonstrators brandishing Molotov cocktails, fireworks and clubs have taken to the streets of Athens.
Security forces are holding them back in some areas of the city with water cannon and shields.
Huge amounts of tear gas is now being used in Athens. I am trapped in my hotel by fighting outside the front and rear doors.
Tens of thousands of Greek demonstrators are clashing with security troops on the streets of Athens in protest at today's parliamentary vote on austerity measures.
It is getting rather interesting in Athens.
Parliamentary employees have just said they're going to walk out on strike.
We are still trying to establish if tonight's vote can still go ahead.
Tens of thousands of people are protesting in Syntagma Square against the austerity programme.
The square in front of Greece's parliament building in Athens has filled with tens of thousands of demonstrators protesting against tonight's austerity vote.