Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
No breakthrough on debt talks at Eurogroup but June 21 goal remains
Supplemental MoU sets out path for maintaining fiscal sustainability
Growth strategy sets out reform targets, broad policies for post-MoU era
Debt relief talks enter final phase, with June 21 as target for deal
After unveiling growth plan, Athens has fourth review loose ends to tackle
What Greece’s draft agreement with lenders foresees on labour and pension reforms
Labour market reforms have proved one of the most complex issues in the second programme review, as was evident from the negotiations between Greece and its lenders so far as well as the December 5 Eurogroup statement.
The key labour market deliverables largely involve bringing collective dismissal and industrial action frameworks as well as collective bargaining in line with the best EU practices.
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