Greece Faces 150,000 Job-Cut Hurdle to Aid Payment: Euro Credit
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Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing.
Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets a 2.8 billion-euro ($3.6 billion) aid instalment due this month. More than a week of talks on that has so far failed to clinch an agreement.