In Greece, it looks like negotiations surrounding the next bailout are falling apart again.
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This time, the conflict comes from within the Greek government, which is trying to come to agreement over a package of spending cuts that will qualify it for the next disbursement of bailout aid from its troika creditors – money Greece desperately needs.
German press agency DPA has the details:
"As long as the EU/IMF presses Greece on the issue of labour reforms I will disagree," said the leader of the Democratic Left, Fotis Kouvelis, adding that this will only serve to increase unemployment and deepen the recession.
Reports said coalition leaders have been unable to agree on the troika's demands that automatic salary increases be scrapped, that compensation for redundant workers be lowered and that life-long job protection for civil servants be done away with.
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