Feb. 5 (Bloomberg) -- Greece’s negotiations with international creditors on a second financing package are at a standstill mainly on labor reforms, a finance ministry official said in Athens.
The official, who declined to be named, spoke to reporters after Prime Minister Lucas Papademos met with troika officials, who represent the European Union, European Central Bank and International Monetary Fund.
The 2011 budget deficit will be close to the set target, the official said. Greece’s 2012 budget, approved by lawmakers in December, forecast the 2011 budget deficit figure at 9 percent of gross domestic product.
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