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Full Article Download our Wider Image iPad app Pictures of the month: October Follow Reuters Facebook Twitter RSS YouTube Read New York region struggles to move on a week after Sandy | 1:03am EST Ryan says Obama compromises Judeo-Christian values 04 Nov 2012 Obama, Romney in even race two days before election: Reuters/Ipsos poll | 04 Nov 2012 Obama, Romney to make their final case on last day of race 12:59am EST U.S. fiscal cliff, Europe's debt woes worry G20 04 Nov 2012 Discussed 191 Jobless rate seen rising, offering Obama no relief 168 Fuel scarce, East Coast struggles to recover 97 Race is tied, but most think Obama will win: Reuters/Ipsos poll Sponsored Links Greece makes austerity push, workers gear for strike Tweet Share this Email Print Related News Crucial votes will end talk of Greece exiting euro: PM Sun, Nov 4 2012 WRAPUP 3-Progress in euro zone talks on Greece, no deal yet Wed, Oct 31 2012 Greece's budgetary bright spot dims, recession worsens Wed, Oct 31 2012 Greek government narrowly wins privatization vote Wed, Oct 31 2012 UPDATE 4-Greek government gets more backing on reforms Tue, Oct 30 2012 Analysis & Opinion Soft approach sadly best for next Greek debt deal Elusive Greek deal Related Topics World » Investing Simplified » Greece » By George Georgiopoulos and Michael Winfrey ATHENS | Sun Nov 4, 2012 8:19pm EST ATHENS (Reuters) - Greece's government will present a new austerity package to parliament on Monday, facing a week of strikes and protests over proposals which must win deputies' approval if the country is to secure more aid and stave off bankruptcy. Parliament is expected to vote on Prime Minister Antonis Samaras' package of 13.5 billion euros ($17 billion) in cost cuts and tax hikes on Wednesday along with measures making it easier for firms to hire and fire workers. Despite public exasperation at four years of belt-tightening that has helped wipe out a fifth of the economy and leave a quarter of Greeks jobless, the package and a tough budget slated for a vote on Sunday are expected to scrape through parliament. Greece's powerful main public and private sector unions will launch a 48 hour strike against the legislation on Tuesday and plan marches in Athens' city centre. Journalists, doctors, transport workers and shopkeepers are also planning stoppages. Approval of the reforms and the passage of the 2013 budget are crucial to unlocking 31.5 billion euros in aid from an International Monetary Fund and European Union bailout that has been on hold since May. "These will be the last cuts in wages and pensions," Samaras said on Sunday in a speech aimed at galvanizing the members of his New Democracy party. "We promised to avert the country's exit from the euro and this is what we are doing. We have given absolute priority to this because if we do not achieve this everything else will be meaningless." Union leaders say the measures will simply deepen a recession that is expected to run into next year. "Our labor action next week will be part of efforts to avert policies that will sink the country deeper into recession and destroy the fabric of society," Yannis Panagopoulos, head of GSEE private sector umbrella union, told Reuters. ANGER, DISSENT The protests will ratchet up pressure on coalition deputies whose parties have slid in opinion polls since a June election in the Mediterranean country of 10 million. On Friday, a poll showed New Democracy's support had fallen to 22 percent, from 30 percent in the election. Its Socialist PASOK partners had fallen to 7 percent, down from 12.3 percent according to the PULSE survey. "I want this government out. They should go to hell," said Vassiliki Trimopoulou, a 60-year-old woman who has just retired under a state redundancy plan. "This is certainly not the last package. But I hope this will be the last thing they decide on." The smallest coalition member, the Democratic Left, has pledged to oppose the plans to cut wages, reduce severance payments and scrap automatic wage hikes, saying they will devastate workers who have borne the brunt of the crisis. PASOK is struggling to shore up support for the measures after one of its deputies quit on Thursday in the wake of a narrow victory in pushing through a privatization bill also demanded by the lenders, cutting PASOK's numbers to 32 MPs. Five of those have said they may oppose the reforms. But even without them, New Democracy and PASOK's remaining members are expected to muster at least 154 of Parliament's 300 votes. "We will not step back now that we are in the final phase," PASOK leader Evangelos Venizelos told journalists on Sunday. The "troika" of the IMF, European Commission and European Central Bank have agreed to extend a deadline for Greece to achieve a primary budget surplus of 4.5 percent, a measure of public finances minus debt maintenance costs. That should give the battered economy breathing room, but on Wednesday, the government said it would shrink more than forecast in 2013 and debt would peak at 192 percent of GDP in 2014, 10 percentage points higher than earlier forecast. That has increased the prospect of another round of debt restructuring, a source of conflict between the IMF and Greece's biggest EU creditor Germany who both privately say Athens' debt trajectory is unsustainable. ($1 = 0.7785 euros) (Additional reporting by Renee Maltezou; editing by Philippa Fletcher) World Investing Simplified Greece Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (7) TheNewWorld wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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