Greek Prime Minister Antonis Samaras faces a growing revolt from his coalition partners as representatives of the country's lenders press for more changes to the country's labor market as a condition for releasing further bailout funds.

Evangelos Venizelos of Pasok and the Democratic Left's Fotis Kouvelis, whose parliamentary seats give Samaras the majority in Parliament he needs to govern, both said they wouldn't accept further changes to labor rules after a three- hour meeting with the prime minister in Athens yesterday.

"Further interventions on labor issues don't help productivity, competitiveness or employment," Venizelos told state-run NET TV. "We must look elsewhere now and the insistence on this is wrong," he said, adding some European Union members were "playing with fire."

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.