New plan sees further austerity hit Greeks

A harsher austerity programme than any that has gone before for Greece will be studied by troika officials today before going to eurozone ministers tomorrow.

The programme is said to offer €13bn worth of cuts, tax increases, and changes to their laws, in exchange for a loan of about €80bn that would allow the country pay the IMF and ECB and keep it in the euro.

The Greek government agreed to the programme during a four-hour meeting yesterday evening.