Reuters
June 5, 2011
Greek government plans for yet more austerity to satisfy its international lenders brought at least 80,000 protesters on to a central Athens square Sunday to vent their fury at the nation's plight.
With Athens struggling to avoid a debt default, the cabinet will discuss a medium-term economic plan Monday which promises several years at least of extra budget cuts and faster privatisations, its side of a deal to get a second financial bailout in a year from the European Union and IMF.
Socialist Prime Minister George Papandreou will then present the plan to the political council of his PASOK party Tuesday, his office said, before the cabinet clears it the following day and sends it to parliament.
Greeks are showing signs of reaching the limits of their endurance as budget cuts imposed under Greece's first bailout a year ago have helped to push unemployment close to 16 percent.
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