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Longer working week suggested for Greece | Longer working week suggested for Greece |
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Greece's international lenders have suggested measures including increasing the maximum working week to six days. | Greece's international lenders have suggested measures including increasing the maximum working week to six days. |
It is one of several unofficial proposals to liberalise the labour market and increase government revenue, contained in a paper seen by the BBC. | It is one of several unofficial proposals to liberalise the labour market and increase government revenue, contained in a paper seen by the BBC. |
The proposals were not included in the original bailout agreement signed with the Greek government. | The proposals were not included in the original bailout agreement signed with the Greek government. |
Inspectors from the EU, IMF and European Central Bank, known as the troika, are due in Greece this week. | Inspectors from the EU, IMF and European Central Bank, known as the troika, are due in Greece this week. |
They are writing a report, due in October, that will decide whether Greece receives its next instalment of bailout funds. | They are writing a report, due in October, that will decide whether Greece receives its next instalment of bailout funds. |
Greece needs the next payment of 31.5bn euros ($39.6bn; £24.9bn) to allow it to continue servicing its debts. | Greece needs the next payment of 31.5bn euros ($39.6bn; £24.9bn) to allow it to continue servicing its debts. |
Proposals in the document from the troika included: | Proposals in the document from the troika included: |
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Also, on Wednesday, German Finance Minister Wolfgang Schaeuble ruled out a third package of aid for Greece, but stressed that it would be staying in the eurozone. | Also, on Wednesday, German Finance Minister Wolfgang Schaeuble ruled out a third package of aid for Greece, but stressed that it would be staying in the eurozone. |
"The costs for Greece are already very high and therefore we cannot have a new programme for Greece," he told German radio. | "The costs for Greece are already very high and therefore we cannot have a new programme for Greece," he told German radio. |
Greece was given a 110bn-euro package in May 2010 and a further 130bn euros in October 2011, along with a 100bn-euro debt write-off. | Greece was given a 110bn-euro package in May 2010 and a further 130bn euros in October 2011, along with a 100bn-euro debt write-off. |
European President Herman Van Rompuy is due to meet Greek leader Antonis Samaras on Thursday. | European President Herman Van Rompuy is due to meet Greek leader Antonis Samaras on Thursday. |
Euro bailout | |
The International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission - the group of donor bodies known collectively as the "troika" - are examining whether Greece is making sufficient progress towards reforming its public finances. | |
Greece is currently trying to finalise a package of 11.5bn euros ($14.4bn; £9.1bn) of spending cuts over the next two years. | |
It is also being asked to put in place economic and structural reforms, including changes to the labour market and a renewed privatisation drive. | |
The measures are needed to qualify for the next 33.5bn-euro instalment of its second 130bn-euro bailout. | |
Greece needs the funds to make repayments on its debt burden. A default could result in the country leaving the euro. | |
Are you based in Greece? What do you think of the proposals? Send us your comments and experiences using the form below. |