ATHENS, March 29 Greece has reached an agreement
with its lenders on key labour reforms, spending cuts and energy
issues, moving closer to clinching a preliminary deal before a
meeting of euro zone finance ministers on April 7, sources close
to the talks said on Wednesday.
Greece will cut pension spending by up to one percent of GDP
in 2019, two officials told Reuters on condition of anonymity.
Lowering the tax-free threshold to about 6,000 euros to save
roughly another 1 percent of GDP has also been agreed, an EU
On labour reforms, Greece will not be forced to liberalise
mass layoffs further, as initially demanded by the IMF, two
officials said. Collective bargaining, which was weakened as
part of bailout reforms in 2012, is expected to be revived after
the country's current bailout programme expires in 2018.
(Reporting by Renee Maltezou)