Yes they are part of E U and have been bailed out before. They have a socialist country that provides every thing to every body. eople retiring in their early 40s with large pensions. No one willing to give up or cut back on anything 26% unemployment. Their government will make no concessions on pensions welfare or any thing. If they do not the E.U. will declare them insolvent next week and they will go off the euro and out of the E U.