Tuesday, March 11, 2008

Turkish PM defends social security reform despite labor unions threats

"Turkish PM defends social security reform despite labor unions threats
Turkish Prime Minister Tayyip Erdogan defended the social security reform on Tuesday, saying Turkey cannot afford delaying the reform any further as the unions threatened to hold a general strike against the bill. The long-delayed social security reform aims to cut Turkey's huge deficit and one of the conditions for the release of a 1.3 billion dollars IMF loan tranche. Turkish parliament is expected to approve the bill later this month."

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