Greece, creditors set to finalize deal on reforms
Associated Press - 7 July 2013 14:31-04:00
ATHENS, Greece (AP) — Greece's talks with its creditors have ended without a final agreement on a reforms package, but both sides say such a deal is likely to be finalized in Brussels before Monday's Eurogroup meeting.
Poul Thomsen, the International Monetary Fund representative at the talks, and Finance Minister Yannis Stournaras, told journalists Sunday after the talks they were "hoping" for a final agreement before the meeting of the eurozone's finance ministers.
At stake is an 8.1-billion-euro ($10.4 billion) installment of bailout aid that keeps debt-strapped Greece afloat.
It is the first time Greece heads into a crucial Eurogroup meeting without a prior agreement.
Central to the talks is the creditors' demand for 12,500 civil servants to be put on administrative leave by the end of the year, with the possibility of dismissal.
News Topics: Business, General news, Government and politics, International agreements, Financial crisis, International relations, Economy, Financial markets
People, Places and Companies: Greece, Western Europe, Europe
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
This article is published under the terms of the News Licensing Group, LLC.
privacy policy, in addition to the terms of use and privacy policy for this website.
 |
| READ THE ORIGINAL POST AT www.neurope.eu |
