Cabinet ministers have underlined that by 2021 the new austerity wave of 4.9 billion euros (5.4 billion U.S. dollars) total worth will be counterbalanced by parallel relief measures.

Protesters on the streets of Athens and other major cities on Wednesday said that there was no more room for further sacrifices in a country still suffering chronic high unemployment rates and recession.

As protesters gathered in the capital, the office of Greek Prime Minister Alexis Tsipras issued a press release about a telephone conversation with German Chancellor Angela Merkel. It says the two leaders agreed that "a solution to the Greek debt issue is necessary and feasible at the next Euro Group meeting on May 22."

In the upcoming meeting of eurozone finance ministers, Athens expects that the second review of Greece's third bailout in seven years will close and the path to debt relief can open.

The ratification of the vote bill containing the set of measures on Thursday also opened the road for Greece to participate in the European Central Bank's (ECB) quantitative easing program this summer and tap the capital markets for first time since 2017, Greek banking sources told Greek national news agency AMNA. (1 euro= 1.1 U.S. dollars)

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