In addition to austerity measures, heavily indebted countries like Italy and Greece are expected to carry out structural reforms that experts say may eventually make their economies competitive with those in northern Europe, particularly Germany's.
Speaking at Sinn Fein's party conference last weekend, the party's deputy leader, Mary Lou McDonald, accused the government of engaging in "the politics of fear" and said that far from isolating Ireland, a no vote would place it among a growing number of countries that are calling for a greater emphasis on growth in addition to austerity.
In addition to strict austerity measures, the government has stumbled from scandal to scandal for much of its 31 months in power.
This was another aspect of denial, as the historical experience highlights some form of default or restructuring is an integral part (in addition to fiscal austerity) of the debt-reduction process for highly indebted economies.
In addition to the austerity votes, Parliament is expected to vote this week on whether to broaden an investigation into Akis Tsochatzopoulos, a former defense minister from the Socialist Party who is accused of corruption in the Greek Navy's procurement of German submarines.
Recent calculations suggest that, instead of reducing Greece's debt to 120 percent of gross domestic product by 2020, the efforts — which include losses imposed on private creditors holding Greek bonds, in addition to new austerity measures — will bring the level down to about 129 percent, said an official briefed on the discussions who spoke on the condition of anonymity.
He also called for additional austerity measures, in addition to the wage freezes and tax increases already announced by the Socialist government in Greece, but he did not specify what form these measures should take.
In a letter to the Observer, 151 council chiefs say that a further round of austerity, in addition to the 33% cuts already imposed since 2010, cannot be absorbed without devastating social and economic implications.
IMF officials have already signalled that the ruling socialists will have to toughen their budget-reduction policies with more cuts and increased tax revenue, in addition to the €4.8bn worth of painful austerity measures already taken this year.
This supports previous research that concluded that CCGs will need to make sure that they use "collaborative discussion and service planning in addition to transactional work particularly in times of financial austerity".
In addition, to control continued deficits, Zinsou instituted a number of austerity measures and as a result alienated unions and the urban population.
