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Global auditors seek 150 new Greek reforms

International auditors - the Troika of European Central Bank, International Monetary Fund and the European Union - will demand Greece carry out a further 150 reforms to its recession-battered economy, German newsweekly Spiegel reported on Sunday.

Updated on: Oct 28, 2012, 21:22:00 IST
AFP | By , Berlin
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International auditors - the Troika of European Central Bank, International Monetary Fund and the European Union - will demand Greece carry out a further 150 reforms to its recession-battered economy, German newsweekly Spiegel reported on Sunday.

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Citing an interim version of the findings of the troika of creditors, Spiegel said Athens would get an extra two years to carry out the reforms.

Greece has completed 60% of the reforms already demanded of it. Among the additional reforms demanded are a loosening of the hiring-and-firing laws, changes to the minimum-wage rules and a lifting of certain professional privileges, the report said.