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.

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.

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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