Officials say talks this coming week between crash-strapped Greece and its international creditors will focus heavily on the possibility of public sector layoffs.
Representatives of the creditors – the European Commission, the European Central Bank and the International Monetary Fund – held preliminary talks with Greek finance officials Sunday but reached no decisions.
Three Finance Ministry officials, speaking on condition of anonymity because they were not authorized to speak on the record, say the creditors insist civil servant layoffs are needed as part of a reorganization plan to make the Greek state more efficient. The creditors also would like to see progress in privatizations and tax collection.
The talks, expected to last a week, will affect the disbursement of (EURO)2.8 billion in financial aid to Athens during March.
Chosen excerpts by Job Market Monitor
Greece / Rejecting IMF demand for 22,000 extra layoffs Greece has rejected a last-minute IMF demand for thousands of additional civil service layoffs, a finance ministry source said on Tuesday ahead of a crucial eurozone meeting to debate loan relief for Athens. The global lender on Monday called for 22,000 extra job cuts by 2014 … Continue reading »
Greece – Rumors that the country’s troika of foreign lenders had called for an additional 22,000 layoffs
Government sources on Monday refuted reports that the country’s troika of foreign lenders had called for an additional 22,000 layoffs in the public sector next year even as municipal employees continued sitins at hundreds of city halls and municipal services across the country to protest their inclusion in a fast-track scheme to redundancy. The demand … Continue reading »