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There was some question over the political will to ratify this. germany is picking up the biggest percentage of this $142 billion, of the other 15 i should say nations in the eu, euro zone. it's bigger than any other country. that's a big deal for them today. it's really just a start. this is just the beginning. as i said, next week the government here is going to take up more complicated issues. the entire euro zone looking to greece to make those painful cuts so they can avert some kind of crisis disaster situation with europe. peter. >> stephanie gosk in athens. stephanie, thank you very mu...

Is there? this is not as if because of the riots and because of the outcry that this ball will stop moving? correct? >> reporter: no. true. and i'll also tell you that this vote today was essentially a rubber stamp. there was very little doubt that it was going to be passed but with riots like this and the violence people begin to wonder how tenable the government's position is and it does reflect on their hold on power if they have destruction in the streets. it certainly hasn't gotten to that point yet. the government is very confident they will be able to enact these reforms. the other issu...

They will be, you know, heavily dependent upon though they've been very conservative about spending to help in this situation? >> reporter: well, what you see is a very difficult situation. both for germany really and for greece. both the governments in those countries, in greece you have a government trapped between a voting populace angry about the austerity measures but at the same time being told by the rest of europe if they don't adopt them they won't get the $142 billion they've been promised by the eu and imf. on the german side what you see is angela merkel trying to keep the eu toget...

But she is very concerned about our relationship, our debt relationship to other countries. >> rightly so. what is interesting this is not the secretary of the treasury speaking it is the secretary of state. if you wanna see what kind of trouble and what kind of who can we are getting into -- hock look at our biggest debtor nations the countries that loan us the most money, china is up there with almost 900 billion dollars, oil exporting nations 200 billion. hong kong, part of china, another 150 billion, russia 142 billion 1.4 trillion dollars of our debt, 10% of our total debt owned by people...

But she is very concerned about our relationship, our debt relationship to other countries. >> rightly so. what is interesting this is not the secretary of the treasury speaking it is the secretary of state. if you wanna see what kind of trouble and what kind of who can we are getting into -- hock look at our biggest debtor nations the countries that loan us the most money, china is up there with almost 900 billion dollars, oil exporting nations 200 billion. hong kong, part of china, another 150 billion, russia 142 billion 1.4 trillion dollars of our debt, 10% of our total debt owned by people...