Well Greece which has a monster of a defense budget won't budge: It was announced yesterday that despite the crisis and this year's state budget cuts (slashing public investment by 25%) the weapons procurement part of the (obscene already) defense portion of the budget will reach ~2.2 billion Euros while this year's weapons procurements were off-target reaching 2,6 billion Euros instead of the budgeted 1,8 billion. This at the same time that the new and widely advertised State Poverty Fund which was promised nearly 500 million Euros a year won't be receiving more than 100 million and Education expenditure remains frozen at 2,75% of GDP (which is among the lowest in Europe I think), despite pre-election promises to reach 5% soon. At the same time the (wildly optimistic) budget promises to reduce the deficit and the ministry of economics reckons that the economy will keep growing >3% this coming fiscal year.

They also expect to increase tax receipts by ~15% (7 billion Euros) at a time of crisis, among other means by abolishing the 10.000 Euro tax exemption for income earned by freelancers and self-employed (which is ~1,000,000 people in Greece - which means that a lot of people with incomes below the poverty level will now be taxed) and making property taxes more regressive (tax cuts for the large property owners, tax increases for the small property owners). On the plus side, they're upping taxes on capital gains and have started taxing stock options (though with the markets in free fall, good luck with that). People are  generally not pleased at all.

Through an incessant string of scandals, unpopular economic policy, internal divisions and a general air of mismanagement, conservatives are crashing in the opinion polls (they also announced a 100.000 binding bank deposit state guarantee today and are planning to go on with - get this - bank and insurance company privatizations in this economic climate).

The road of excess leads to the palace of wisdom - William Blake