Agreement on Greece?

Beautiful Greece?
Strong Euro as investors are hoping that the Greek politicians will have an agreement on the new cost cutting plan, in other words, a new austerity plan. In fact, this is the second meeting addressing this issue started on Sunday. 

Current Situation in Greece:

1. $19 billion worth of loan repayments due to private lenders on 20 March 2012
2. On February 2012:
1. Racing to finalize austerity reforms so as to get a new €130 billion ($171 billion) bailout
3. Back in November 2011:  
1. Greece received a second bailout worth $178 billion
2. Voluntary 50% write down by private creditors
3. $150 billion in recapitalizations for the continent's banks
4. Leveraging the $610 billion from EFSF in order to brings its lending capacity to around $1.4 trillion
4. Back in May 2010:
1. European Commission (EC) + European Central Bank (ECB) + IMF created a temporary bailout fund called the European Financial stability Facility (EFSF) to provide Greece with $163 billion loan 
5. Announcement from Papademos' office that three different point of view politicians have agreed to cut spending by 1.5% of gross GDP =  €3.3 billion ($4.3 billion)
6. Deep in recession
7. Unemployment rate = 19%
8. Debt to GDP ratio = 144%

Thanks

Paul