Greece has reached a deal with its lenders early this morning. Talks have been going on for quite a while, but hit a stall in March due each side having different opinions on what to do with civil servants. In the end, the sides agreed upon 15,000 civil servants leaving the public sector by the end of next year. These workers are people close to retirement and some who have been accused of disciplinary defenses. Despite the cut, Greece states that they are looking to refuel the public sector with upgraded, new recruits. Other details of the deal include allowing Greeks who owe taxes and social security debts to pay it back in monthly installments over the next two years. Also, the agreement allows Greece to obtain more debt relief. The public officials and others who are knowledgeable about the talks are very optimistic of Greece's future.
Link: http://www.nytimes.com/2013/04/16/business/global/greece-reaches-new-deal-with-lenders.html?hp&_r=0
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