Greek political leaders have struck a deal on further austerity measures, angering protesters but failing to secure a second international bailout.
The minimum wage will be cut twenty two percent, pensions will be slashed and jobs will go in the public sector.
A parliamentary vote will be held on the new package this weekend.
Unions have called a forty-eight hour strike from today in protest.
Athens also plans to finalise an agreement that would see investors swap Greek government bonds for new ones of a lower value.
That alone would shave some one hundred billion euros off Greece’s three hundred and fifty billion debt.