The Greek Government has announced plans to overhaul the country's nearly bankrupt pension system. It is the latest part of an austerity programme aimed at tackling huge budget deficit and soaring debt. The measures have led to unions calling a 24 hour strike from Wednesday. Greek Government is desperate to assure the markets that it is serious about reducing its budget deficit. So announcement of these austerity measures by the Government. This time affecting pensions. From 2015 the State pension age would rise to 63 and there would be ban on early retirement. These latest moves have angered the Unions.There were some protestors on the streets on Tuesday and some angrily denounced the markets and the European Union. for insisting that Greece slash its spendings.