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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 in an interview published Wednesday that
talks for a new €130 billion ($171 billion) bailout package would be
over "very soon."
That deal is linked to an agreement with private
creditors to accept losses on Greek bonds, which will cut €100 billion
off the country’s national debt.
"Yes, it's a matter of days," Thomsen was quoted as
saying by the Athens daily Kathimerini. "The discussions for the (new)
program will be concluded very soon."
Thomsen insisted wages in Greece remain too high, and
that was hurting the country's competitiveness. He urged the government
to consider cutting the minimum wage of €750 ($988) gross pay per
month.
Greek unions and employers are to resume negotiations
on Thursday in an effort to cut labor costs, but both sides are already
in agreement that the minimum wage and basic private sector pay should
not be affected, warning such a move would only deepen the country's
recession.
Greece and its creditors are anxious to close the new
rescue deals ahead of a March 20 Greek bond repayment worth €14.5
billion ($19.1 billion) that threatens the country with bankruptcy and
the eurozone with a major crisis.
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