Pay cuts row delays Greece's vital debt deal

Debt talks vital to avoiding bankruptcy are at “a satisfactory level of agreement” but are being held up by a disagreement over drastic workplace reforms, A senior Greek official said today.

Debt talks vital to avoiding bankruptcy are at “a satisfactory level of agreement” but are being held up by a disagreement over drastic workplace reforms, A senior Greek official said today.

The official, with close knowledge of the negotiations between the government and rescue creditors, said other issues had been resolved following a “superhuman negotiation”. He asked not to be named because the talks were continuing.

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