Public is of the view that the Greek financial crisis has had serious impacts on the European economy and its way out is not yet in sight.

The Greek Statistics Authority ELSTAT recently announced Greek national debt hit 355.6 billion euros (467.08 billion U.S. dollars) in 2011.

Germany public deficit was 25.3 billion euros (33.8 billion dollars) last year and in Spain deficit increased 14.2 percent from the last year, occupying the 68.5 percent of the GDP.

Unemployment rate is increasing amid towering national deficit.

Greek jobless rate hit a new record high at 21 percent in December 2011.

Some 365,900 more people became unemployed in Spain this quarter, reaching to a record 5,639,500 while in Britain its rate was 2.65 million in the December-February period.

Many people are committing suicide in despair to rid them of hard life caused by the unjust austerity policy and lay-off measure taken by the authorities.

Early in April a 77-year old man shot himself to death in a square in Athens.

The reason was that his living condition was pushed to the lowest level due to the ceaseless austerity measure by the authorities.

Meanwhile, in a northern area of Italy a building contractor committed suicide at last being dunned for his debt and a Moroccan emigrant burnt himself to death as not receiving his wage for months.

The reality clearly proves that capitalist society is, indeed, a corrupt one with no future.