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The government in Athens faced unremitting protests from its citizens as it tried to enforce tax increases, public-sector job cuts, and pension reforms the price that the EU was demanding in return for further tranches of rescue money.
Argentina is now seeking as much as $23 billion in new funds, but has yet to take the steps foreign lenders are demanding in return, with the chief among them being a reduction in government spending.
That, say analysts, will make implementation of the draconian reforms international creditors are demanding in return for a third rescue programme of €86bn (£62bn) in bailout funds harder still.
In the first concrete sign that Greece's feuding political leaders had decided on a course that would avert a chaotic default for the debt-choked nation, prime minister Lucas Papademos said that consensus had been achieved over all but one of the cost-cutting reforms the EU, European Central Bank and IMF are demanding in return for the rescue programme.
Yiannis Stournaras, who is expected to be in close contact with prime minister Antonis Samaras throughout the day, will give an "outline" of the near €12bn package of cuts international lenders are demanding in return for the next €31.5bn installment of aid the country so badly needs.
Photograph: Peter Dejong/AP 11.54am BST Protests underway in Athens Over in Greece there are yet more protests today, as unions step up strike action against the nearly €12bn package of budget cuts international lenders are demanding in return for the debt-stricken country's next tranche of financial aid.
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And what might he demand in return?
The public did not know which lobbying interests gave money, or how much, or what they would demand in return.
But it demanded in return a set of conditions that American officials say amount to a complete non-starter.
But fiscally conservative Democrats demanded, in return for their support, votes on both the pay-go and commission proposals.
But he will demand in return the promise of an in-or-out referendum on Britain's membership of the EU.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com