Greek PM urges government members to quicken the pace of reforms

FXstreet.com (Barcelona) - Greek prime minister Antonis Samaras held a meeting with his key ministers today, trying to assure that the bailout program remains on track and that the conditions set by the Troika, including mass layoffs in the public sector, are met.

At the meeting, attended among others by finance minister Yannis Stournaras and administrative reform minister Kyriakos Mitsotaki, the officials discussed the “mobility scheme”, which involves transferring or dismissing 12,500 public workers within a year.

According to the Greek newspaper Kathimerini PM Samaras called for a quick implementation of the structural reforms required by the international lenders in order to be eligible for the next aid payment.

US July 14 Redbook index (MoM) up to 0.9%; (YoY) 3.3%

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US: Redbook Index rose 0.9% MoM

The Redbook index advanced 0.6% on a monthly basis and 3.3% over the last twelve months in the week ended on July 14, against previous prints at 0.8% and 3.0%, respectively....
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