Finalised Greek plan handed to coalition partners

A finalised plan on new Greek aid that was hammered out with the European Union and IMF has been handed to partners in the governing coalition, a conservative party source said on Wednesday.Heads of the socialist, conservative and far-right parties are expected to approve the 50-page text at a meeting scheduled for about midday, the New Democratic (ND) party said.It would clear the way for a second rescue worth 130 billion euros ($173 billion) from the EU, European Central Bank (ECB) and International Monetary Fund which is vital if Greece is to avert a debt default in March.The text was drawn up during talks late on Tuesday between Prime Minister Lucas Papademos and representatives from the so-called troika aimed at setting up a second rescue package for Athens.The document presents an outline of new measures that official creditors have demanded in exchange for more aid for the heavily-indebted eurozone member, the ND source said.An agreement in principle is now required from the three Greek governing coalition parties after weeks of haggling over controversial new austerity measures, it added.The roadmap towards a resolution of Greeces perilous financial situation would then be presented for approval by parliament, something that might take place by the weekend.Press leaks have said that the latest measures, which reportedly were tweaked up to the last minute, include a cut of around 20 percent in the minimum wage, along with cuts in complementary pension programmes.Around 15,000 Greek public sector jobs are also tipped to be eliminated.