athens has promised to adopt further austerity measures to receive the much-needed aid. steve is in athens. steve, good to see you. i think for viewers just joining us now, it s worth just going over what the details are. what exactly does the bailout package look like? yeah, well, let s go through the numbers. as you just mentioned, $146 billion u.s. dollars which is 110 billion euros. 80 billion euros of that will come from eurozone partners led by germany. 30 billion euros will come from the imf. in return the greeks have promised to cut their budget deficit aggressively. it s 13.6% of gdp now. it will go down to under 3% by 2014. they re talking about 30 billion euros worth of new austerity cuts. they re going to invees v.a.t. from 21% to 23%. increasing the sales tax by 10% on alcohol, tobacco and fuel. there will be public sector wage freezes, pension freezes. there will be crackdown on invasion and corruption. and all of this will mean the economy will actually have