In a new move to meet the budget target and maintain the flow of funds to the nation Greece on Wednesday announced new austerity measures ahead of the troika's return to the nation in the coming week.

Greece said it will accelerate the budget cuts and sparked new wave of anger in the streets. The measures come after the two rounds of talks with international lenders this week and they include a 20% cut in pensions more than 1,200 euros per month; they will also reduce the payments of former state workers who had retired before the age of 55 by 40% for the amount that exceeds 1,000 euros and the wages will be lowered for 30,000 state employees.

The measure also includes extending a real estate tax increase that was originally scheduled to expire next year until at least 2014.