The government of Greek Prime Minister George Papandreou has decided to go on with economic reforms and austerity measures purportedly to take advantage of the EU covenant that could reduce the country's huge debt.

However, this decision was met by majority of the 11-million population of Greece with great disdain as they became aware of massive belt-tightening required by foreign creditors.

Reuters said in a report that Finance Minister Evangelos Venizelos made promises that there would be no more wage and pension reduction as a result of the Brussels concord while calling for understanding and solidarity among its people.

Venizelos explained that negotiations have become imperative to take place with banks to determine their participation in the bond swap to slash Greece's debt mountain, forecast to top 160 percent of gross domestic product (GDP) this year according to the report.

However, many Greeks share the belief that the only way out is to leave their native country and start anew in some other place.

The debt crisis that has hit the European continent destroyed the dreams and future of most of its citizens.

The people are confronted with many more years of austerity to shoulder Greece's gigantic debt burden, expected to surpass 350 billion Euros this year.

This is more than 30,000 Euro per citizen and more than one and a half time the average per capita GDP.

The unemployment rate has gone up by more than 16 percent, well above the euro zone's 10 percent average, with the young hit the hardest as the economy is dragged down further by austerity measures meant to shrink the budget deficit, according to Reuters.

When the Australia government organized an informational seminar in Athens last month to explain its migration policy and visa procedures, as it does regularly around the world, it caused a media frenzy and its website was flooded by thousands of applications.

This may prove to be a tall order as Greeks have to fight it out with hundreds of thousands of other skilled workers from all over the globe.

Aside from the U.S., Australia is the favourite refuge of migrants from most parts of the world.