Over the last decade, Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis. Over the next two years, Greece relied on bailout money from its richer neighbors and implemented austerity measures meant to cut its bloated deficit and restore investor confidence. But by June 2011 it found itself deep in a second recession, near the end of its cash and facing a political crisis, as anti-austerity demonstrations grew. Violence broke out this week during one of those demonstrations, injuring 11, as the frustration continued to grow and no quick fixes emerged. Today, Greece's Prime Minister George Papandreou, in a broad cabinet reshuffle, appointed a new Finance Minister, Evangelos Venizelos, in hopes of turning his country around. - Paula Nelson (43 photos total)
A banner reads "yes to the society no to the power" during a rally against plans for new austerity measures, in Thessaloniki, Greece, June 15, 2011.
A 24-hour strike by Greece's largest labor unions was to cripple public services, as the Socialist government began a legislative battle to push through last-ditch cost cutting reforms that would exceed its own term in office. Demonstrators have camped outside parliament since May 25, 2011. (Nikolas Giakoumidis/Associated Press)
A demonstrator confronts riot police outside the Greek parliament in Athens June 15, 2011. Prime Minister George Papandreou prepared to push through a new five-year campaign of tax hikes, spending cuts and selloffs of state property to continue receiving aid from the European Union and International Monetary Fund and avoid default. (Yannis Behrakis/Reuters)
Greek riot police officers chase protesters amidst tear gas thrown by the police, during clashes in Athens' main Syntagma square, June 15, 2011. Hundreds of protesters clashed with riot police in central Athens Wednesday as a major anti-austerity rally degenerated into violence outside Parliament. (Lefteris Pitarakis/Associated Press)