ATHENS (AFP) - An imminent EU-IMF loan rescue failed to dispel Greek gloom Saturday over giant budget cuts which could spell an uncertain economic future as the countrys main labour union warned of fresh protests. The launch of an unprecedented bailout worth 110 billion euros (140 billion dollars) badly needed by debt-hit Athens could be days away but the mood is dominated by the weeks deadly riots and fear of the coming austerity storm. There are a lot of hidden sides (to the crisis) which we still dont know about. But they all mathematically point to disaster, to unbelievable recession, the worst our economy has seen, pro-opposition daily Eleftheros Typos said Saturday. There is enormous danger for the country and the nations cohesion, the conservative daily warned. The country is desperately asking for development measures to be implemented immediately to get production going and reduce unemployment, which mainly strikes the young, added left-wing Eleftherotypia. With the country in urgent need of nine billion euros (11 billion dollars) by May 19 to service existing debt, Greek PM George Papandreou reported with relief early Saturday that rescue funds would arrive within days. In the following days, Greece will receive the first tranche of the 110 billion euros from the EU and the IMF, Papandreou said after an emergency late-night summit of euro leaders in Brussels. This will allow us to implement our (austerity) programme and our reforms, he underlined. Papandreou, a Socialist, has called on Greek political parties on the right and left to support the national effort to drag the country from the brink of bankruptcy. But the Communists and the leftist Syriza party have pledged to fight the austerity cuts. Both parties are snubbing a meeting with President Carolos Papoulias called by Papandreou to discuss the crisis on Monday. Three general strikes have been held in the last three months against the governments economic policies, and a senior member of Greeces main union on Saturday warned its members to be ready for another. We are on strike readiness, said Stathis Anestis, deputy general secretary of the General Confederation of Greek Workers. We are also envisaging another general strike, he told AFP. The union would mobilise its members, estimated at around a million private employees, when the government brings its latest reform a pensions overhaul scheduled to be finalised by the cabinet on Monday to parliament for a vote, Anestis said. Greeces total debt stands at nearly 300 billion euros and there is growing concern that the government will face severe difficulty in implementing the harsh cuts in a worsening recession and with strong union opposition. The parliament in Athens has become a focal point for successive street protests. On Wednesday, violence erupted on the sidelines of a massive demonstration and three bank employees died when their branch was firebombed. Clashes between young protesters and police also broke out Thursday as the chamber approved the austerity plan committing to knocking 30 billion euros off the public deficit to bring the economy within EU rules. Fears in past months that Greece would be unable to maintain debt payments sent its borrowing costs soaring, sapped the euro and put the spotlight on other weak European economies. Spain and Portugal, struggling to fend off suggestions they could follow Greeces footsteps, have blamed speculators for steep falls in their stock markets and Madrid warned it could take legal action against them. Ireland and Italy have also come under pressure from market attacks. European stock markets suffered on Friday, with London, Frankfurt and Paris plunging by more than four percent shortly before closing at the end of a week in which the euro dropped to 14-month lows at around 1.25 dollars. Finance ministers from the 27 European Union states are to hold talks Sunday to flesh out a broader crisis fund to firefight problems elsewhere in the bloc.