Pressure mounts on Greek leaders Greek political leaders remained mired in negotiations over the final terms of a second €130bn bailout on Tuesday, casting a pall over global markets as investors fretted that time was running out to avert a messy default. A meeting that was expected to to take place on Tuesday afternoon between the three party leaders supporting the coalition government and Lucas Papademos, Greece's technocratic prime minister, was postponed until after 9pm (7pm GMT) on Tuesday evening. Mr Papademos was due to send details of the additional fiscal measures required to meet targets set by international lenders to the three leaders ahead of the meeting. "We're confident of getting an agreement within the day," said a government official. Greece has already missed two deadlines this week because of the politicians" brinkmanship, further exasperating its European paymasters while raising fresh doubts about whether it will be able to stave off outright default. The FTSE All-World equity index, which by the end of last week had bounced almost 9 per cent in 2012, was down 0.1 per cent, as worries over whether Athens and its creditors could reach agreement hobbled the growth-focused asset rally. In Brussels, José Manuel Barroso, president of the European Commission, insisted that eurozone leaders would continue to strive to keep Greece in the euro, an apparent rebuke to Neelie Kroes, the Dutch member of his commission who was quoted in the Dutch press saying a Greek exit would not cause significant shockwaves. "I think all Europe now has its eyes on Athens," Mr Barroso said. The costs of a default of Greece, the costs of a possible exit of Greece of the euro, would be much higher than the costs of continuing to support Greece. Amid growing resentment within Greece towards the troika's prescription of harsh austerity measures, the country's two main unions staged a 24-hour strike on Tuesday. Several thousand members of the ADEDY and GSEE labour federations, the country's largest, held an anti-cuts demonstration outside parliament. "We fought for two decades to get European standard labour rights and now they're being taken away by the troika - the Europeans themselves, " said Alexis, a 53-year-old port worker. A deal is due to be approved by eurozone finance ministers on Thursday, before being voted through the Greek parliament at the weekend, so that Athens can receive funds to repay a €14.4bn bond due on March 20. Finance ministry officials were scrambling to come up with last-minute spending cuts acceptable to the "troika" - representatives of the European Commission, European Central Bank and International Monetary Fund - after several proposals were rejected on Monday night as unrealistic. Spending cuts of €1.1bn on healthcare, €400m on defence and €400m on local government have already been agreed, in order to put this year's budget targets back on track amid a deeper-than-projected recession. Political leaders reversed their opposition to a 20 per cent cut in the minimum wage, after winning agreement on keeping the 13th and 14th monthly salaries that private sector workers receive as an annual bonus. They also agreed to 15,000 immediate job cuts in public sector organisations after a failed attempt last year to reduce the public sector payroll by transferring 30,000 workers to a special "labour reserve."