Greece has finally agreed to accept more reforms and austerity measures to secure a second bailout from the EU and the IMF.<br/> <br />Greek political leaders clinched a deal after days of delays, just hours before Finance Minister Evangelos Venizelos met his European counterparts, Greece's financial backers.<br/> <br />SOUNDBITE: Greek Finance Minister, Evangelos Venizelos, saying (English):<br/> <br />"We have finally a agreement with the Troika for a new, strong and credible programme. We have also a deal with the private creditors on the basic parameters of the PSI. We need now the political endorsement of the Eurogroup."<br/> <br />Not everyone in Greece was pleased with the agreement.<br/> <br />SOUNDBITE: Alexis Tsipras, Leader of the Far Left "Syriza" party, saying (Greek):<br/> <br />"This crime being committed against the Greek people, against the country, cannot be allowed to come to pass. The bankruptcy programme will not pass."<br/> <br />Greece's international lenders have been frustrated by the delays in Athens agreeing to more sacrifices in return for a new 130 billion euro rescue package, says head of the IMF Christine Lagarde.<br/> <br />SOUNDBITE: Christine Lagarde, Head of the International Monetary Fund, saying (English):<br/> <br />"Well there is clearly some very encouraging news coming out of Athens and it's, you know, after the very heavy duty work that's been done lately I think it's positive."<br/> <br />Greece desperately needs the money to avoid defaulting on its debt on March 20 when large repayments are due.<br/> <br />But political analyst Dmitris Katsikas says the euro project was always going to encounter problems.<br/> <br />SOUNDBITE: UNIVERSITY OF ATHENS POLITICAL ANALYST DIMITRIS KATSIKAS SAYING, (English):<br/> <br />"It's a bit ironic to be discussing now how badly Greece did in terms, in economic terms when from the beginning it was known that euro zone as a whole would not meet the economic theories, if you like, requirements to have a common currency."<br/> <br />Greek party leaders may have agreed to more austerity - but Greek citizens have had enough.<br/> <br />The country has fallen deeper into recession since it received the first bailout deal in May 2010 - and more than one in five people are now out of work.<br/> <br />It's even worse for young Greeks, half of 15-24 year olds are unemployed.<br/> <br />Labour unions have called a 48 hour strike to protest the newest reforms and are warning that more austerity could spark serious social unrest.<br/> <br />Joanna Partridge, Reuters
