The Greek government has announced new, tougher, austerity measures in its 2011 draft budget.
The government has pledged to cut its budget deficit to 7% percent of its economy by next year.
This is below the target set by the International Monetary Fund and eurozone countries earlier this year when they bailed Greece out.
The new target will require new taxes and a higher rate of VAT, going beyond the cuts already announced this year, the BBC reports.
By putting its financial house in order, Greece is hoping to regain the confidence of the markets, which will allow it to borrow freely once again, rather than have to rely on the three-year aid package.
Greece's government has also received an unexpected boost from visiting Chinese Premier, Wen Jiabao, who said his country would continue to buy Greek government debt at the next opportunity.
