Main opposition New Democracy (ND) on Friday attacked the government for its failure to achieve high growth rates, which were the only way to alleviate the country's problems.

In a statement, ND said that it was waiting anxiously for prime minister's address, to see whether he would announce what the Eurogroup had unfortunately confirmed after its meeting on Thursday.

According to ND, there will be a new round of pension cuts in six months, along with a lowering of the tax free allowance, while Greece will have to meet primary surplus targets of 3.5 pct of GDP until 2022 and then 2.2 pct until 2060. "For this fourth memorandum signed by SYRIZA, Greece will be subject to quarterly reports under enhanced surveillance, something that did not apply to any other country," it said.

"Yesterday's agreement on debt could have been signed in 2014 if Tsipras did not want to test his illusions on the back of the Greeks. What Greece needs is high, sustainable growth. This government has proven that it cannot achieve this. Greece needs political change. And it needs it now," the announcement said.