Posted 11.02.2012 11:58:25 UTC
Updated 11.02.2012 11:58:25 UTC
The bill, tabled late Friday, came after an emergency Cabinet meeting.
Prime Minister Lucas Papademos told ministers at the cabinet meeting that the measures were vital to avoid a default that would provoke "economic chaos and social explosion."
He also warned that, "Either we will achieve an agreement that will set the country on a new course, or, if we backtrack, in yet another historic display of cowardice, we will head for collapse."
Lawmakers will vote on the new measures late Sunday. Should the parliament approve the new economic package, Greece will have access to 130 billion Euros as part of the secıond bailout deal.
Premier Papademos noted that refusing the bill would be a disaster, promising to replace any other Cabinet members who did not fully back his efforts.
Greek Deputy Defense Minister Giorgos Georgiou resigned as a sign of a protest against the government's initiative.
Earlier, Deputy Foreign Minister, Transportation Minister, Deputy Minister for Merchant Marine, Deputy Minister for Agriculture, Development Minister and Minister of Labour and Social Security resigned over the harsh terms of the bailout deal.