October 1, 2011
Greece hopes to clinch a deal with its EU and IMF lenders on how to meet a promise to lay off state workers -- a key condition to free up urgently needed bailout aid -- by Sunday, senior government officials said.
Without the release of an 8 billion euro ($10.7 billion) tranche of an EU bailout, massively indebted Greece could run out of money to pay state wage bills within weeks.
Finance Minister Evangelos Venizelos told a newspaper the loan tranche was "assured" because of tough steps his government had taken. But a senior German government official told Reuters nothing had been decided.
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