Greece may leave Eurozone.

Greece may be forced to leave the Eurozone if there is no agreement between its government and the EU and IMF over a further rescue package of 130 billion Euros, according to a government spokesman.

Government spokesman Pantelis Kapsis said in an interview on Skai TV that the situation "will be much worse" if the bailout agreement is not signed. He went on to say that Greece would be "out of the Euro". According to the Daily Telegraph, Greece has until March at the latest to agree the rescue plan or a debt default will be inevitable.

The Greek public are furious with the austerity measures that the government is trying to put in place, with strikes by doctors and pharmacists already haven taken place on Jan 2. They followed strikes by tax officials and museum curators and workers at archaeological sites the previous week, according to the BBC.

Among the unpopular measures being introduced by the government of Prime Minister Lucas Papdemos are reductions in pensions, job cuts in the public sector, privatisation programmes and health and social welfare cuts. Greece has been insisting up till now that it will not leave the Euro zone, especially as if the country goes bankrupt, it will bring down other countries in the EU.