NEWS

Kouvelis opposed to labor reforms

Democratic Left, a junior partner in the Greek government coalition, on Tuesday said it will not support the labor market reforms demanded by the country’s foreign lenders.

?The unacceptable demands by the troika will not yield any fiscal benefit, they will only lead to further rise in unemployment,? Democratic Left leader Fotis Kouvelis said after a two-hour meeting with Prime Minister Antonis Samaras and PASOK chief Evangelos Venizelos.

The three coalition partners were meeting on Tuesday to finalize a 13.5 billion-euro austerity package demanded by the European Union and the International Monetary Fund in exchange for more aid.