Greece gears up for more cutbacks
But many Greek citizens are up in arms over proposed cutbacks, and protesters clashed with police when they tried to break through a cordon guarding the finance ministry on Thursday.
"The immediate emergency measures will be a strong bridge to cross over to great changes, secure the life of every citizen and have dynamic growth in a more just society," George Papandreou, the Greek prime minister, said on Thursday.
"We will do whatever it takes to save the country."
Greek trade union officials voiced outrage at the conditions for the loans after a meeting with Papandreou, saying the IMF wanted the government to raise sales taxes, scrap bonuses amounting to two extra months of pay in the public sector, and accept a three-year pay freeze.
"They want Greece to cut the deficit by 10 percentage points in 2010 and 2011 ... so that Greece can go back and borrow on markets in the third year of the programme," said a union official who requested anonymity.
Officials from the International Monetary Fund, the European Union and the European Central Bank are in marathon talks in Athens over bailout plans, hoping to have a deal by early next week in a bid to prevent the crisis from spreading to other debt-burdened EU countries.
Economists said eurozone states could end up footing a bill of half a trillion euros ($650bn) to save several nations if they failed to engineer a Greek bailout that calmed markets.
Φτάσαμε τα Ελληνικά ΜΜΕ να μην έχουν πει κουβεντα για την χθεσινή διαδήλωση .. και να υπάρχουν φωτογραφίες στο Al Jazeera ..
Θυμίζει εποχές D welle..