Protests planned ahead of Merkel visit to austerity-hit Greece From Matthew Chance and Oliver Joy, CNN October 9, 2012 -- Updated 1029 GMT (1829 HKT) Protesters hold anti-German banners near parliament before the visit of German Chancelor Angela Merkel in Athens. Greece is facing heavy austerity cuts to meet international bailout conditions Police in Athens are ready for protests at a visit by German leader Angela Merkel Critics see Merkel as the main enforcer of EU-imposed austerity measures As of May 2012, 53.8% of Greeks younger than 25 were unemployed Athens, Greece (CNN) -- Greek authorities were braced for protests Tuesday as German Chancellor Angela Merkel visited a country where many view her as the cause of their suffering. Labor unions and Syriza, the radical-left opposition party, are planning demonstrations in Athens outside parliament, where the German leader is due to arrive, despite police banning protests. Merkel will meet with Greek Prime Minister Antonis Samaras during her six-hour visit. Before her visit, Merkel told CNN that she knows the austerity measures have been hard on some. The Greek government is seeking new ways to implement budget cuts of 11.5 billion euros ($14.49 billion) to ensure the country receives another international bailout installment later this month. They should just get rid of her and all the rest of them with her. But Rafael Voulgarakis, a university student, welcomed her. "It is clearly positive, because as we know Germany is the largest power in Europe at the moment and one of the largest powers in the world," he said. German Foreign Minister Guido Westerwelle told Bild newspaper last week that Greece deserves "fairness and respect." He suggested that Merkel's visit represents a show of eurozone solidarity between those nations which are fiscally healthy and those that are debt-ridden and battling with savage cuts and social unrest. Christoph Weil, a senior economist at Commerzbank, told CNN that Merkel's visit to Athens comes as a "surprise" and that there was "a significant risk that Greece will exit the euro in the next two years." However Wolfango Piccoli, director of Eurasia Group, says the risk of a Greek exit from the eurozone remains "marginal" at the moment and that the Troika will provide Greece with the next tranche of bailout funds to meet its debt obligations. But Piccoli warns that Greece will have to undergo stringent austerity measures before creditors will release any funds. He told CNN: "The vast majority will come from an additional round of cuts to wages and pensions. It's going to be almost 8 billion euros of the 13.5 billion euros coming from that. The total cut is 11.5 billion euros and then 2 billion euros of additional taxes. On Monday, the Eurogroup -- a meeting of eurozone finance ministers -- convened in Luxembourg to give the green light to the European Stability Mechanism, the 17-nation currency bloc's permanent bailout fund. Spain is expected to be the first country to make a request for financial aid from the ESM.