Longer working week suggested to fix Greek economy

  • Greece's international lenders have suggested increasing the maximum working week to six days.

    The move is one of several unofficial proposals to liberalize the labor market and lift government revenue.

    The proposals were not included in the original bailout agreement signed by the Greek government and the EU, IMF and European Central Bank, known as the troika.

    Inspectors from the international lending bodies are due in Greece this week.

    They are compiling a report, due in October, which will decide whether Greece receives its next instalment of bailout funds.

    Greece requires the next payment of $39.6 billion in order for it to continue servicing its debts.

    Greece was given a $138 billion package in May 2010 followed by a further $163 billion package in October 2011 as well as a $126 billion debt write-off.