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Tags: EU | Greece | Bailout

Greece, Creditors Remain Apart in Talks on Reforms

Tuesday, 22 November 2016 06:01 AM EST

ATHENS, Greece (AP) — Greece's government and its bailout creditors remain apart in talks about new reforms, but Athens says a deal can still be achieved by early next month.

That would unlock more bailout funds for Greece, and start the ball rolling for modest measures to relieve the country's crushing debt.

The finance ministry said Tuesday the week-long talks in Athens made "significant progress." But the two sides remain apart, mainly on thorny labor reforms.

The left-led government wants to strengthen unions' wage bargaining powers, and is resisting pressure from its creditors — European Union institutions and the International Monetary Fund — to facilitate private sector layoffs.

The ministry said it hopes to strike an agreement by Dec. 5, when finance ministers from countries that use the euro will discuss the Greek program.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Europe
Greece's government and its bailout creditors remain apart in talks about new reforms, but Athens says a deal can still be achieved by early next month.That would unlock more bailout funds for Greece, and start the ball rolling for modest measures to relieve the country's...
EU,Greece,Bailout
131
2016-01-22
Tuesday, 22 November 2016 06:01 AM
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