NEWS

Vroutsis' meeting with the troika underway

Vroutsis' meeting with the troika underway

A meeting between Labour Minister Yiannis Vroutsis and the troika of Grecce's international lenders is underway at the ministry of Finance.

Vroutsis met with Finance Minister Yannis Stournaras at 7:30 p.m. on Thursday, at the Finance ministry, in a meeting that lasted until 10:30 p.m. According to Labour ministry sources, they examined the two issues under negotiation - mass layoffs in the public sector and the process of applying the reduction of the non-wage-related cost by 3.9 percentage points starting this coming summer.

The source expressed optimism that negotiations between the troika and Labour ministry will be concluded shortly and that they will reach agreement on outstanding issues.