Eyes are set on Greece with the government set to announce today measures to meet its goals for deficit reduction as part of the struggle to contain its fiscal crisis that lead it to access a EU-IMF bailout.

The government's medium-term fiscal plan is to detail over 22 billion euros of deficit reduction mostly relying on spending cuts according to Finance Minister George Papaconstantinou through 2014. The government is also likely to present plans to raise about 15 billion euros by 2013 by asset sales.