IMF presses Greece on wages, says debt deal soon
Thursday, 02 February 2012 | 12:46
An IMF debt inspector says negotiations for landmark debt deals with Greece will be concluded in a "matter of days" but pressed the recession-hit country to lower employment costs and even slash the minimum wage.
The head of the International Monetary Fund's mission in Greece, Poul Thomsen, said talks for a new euro130 billion bailout package would be over "very soon."
That deal is linked to an agreement with private creditors to accept losses on Greek bonds and cut euro100 billion off the country's national debt.
Thomsen made in the comments in an interview published in the Athens daily Wednesday.
Source: Associated Press
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