Greece's in­ter­na­tion­al lenders have sug­gest­ed mea­sures in­clud­ing in­creas­ing the max­i­mum work­ing week to six days. It is one of sev­er­al un­of­fi­cial pro­pos­als to lib­er­alise the labour mar­ket and in­crease gov­ern­ment rev­enue, con­tained in a pa­per seen by the BBC. The pro­pos­als were not in­clud­ed in the orig­i­nal bailout agree­ment signed with the Greek gov­ern­ment. In­spec­tors from the EU, IMF and Eu­ro­pean Cen­tral Bank, known as the troi­ka, are due in Greece this week.

They are writ­ing a re­port, due in Oc­to­ber, that will de­cide whether Greece re­ceives its next in­stal­ment of bailout funds. Greece needs the next pay­ment of 31.5 bil­lion eu­ros to al­low it to con­tin­ue ser­vic­ing its debts. Pro­pos­als in the doc­u­ment from the troi­ka in­clud­ed:

• set­ting a sin­gle rate statu­to­ry min­i­mum wage;

• re­duc­ing reg­u­la­to­ry bur­dens;

• mak­ing work sched­ules more flex­i­ble;

• set­ting a min­i­mum dai­ly rest of 11 hours; and

• elim­i­nat­ing re­stric­tions on the min­i­mum and max­i­mum time be­tween morn­ing and af­ter­noon shifts.

Al­so, yes­ter­day, Ger­man Fi­nance Min­is­ter Wolf­gang Schaeu­ble ruled out a third pack­age of aid for Greece, but stressed that it would be stay­ing in the eu­ro­zone. "The costs for Greece are al­ready very high and there­fore we can­not have a new pro­gramme for Greece," he told Ger­man ra­dio. Greece was giv­en a 110 bil­lion eu­ro pack­age in May 2010 and a fur­ther 130 bil­lion eu­ros in Oc­to­ber 2011, along with a 100 bil­lion eu­ro debt write-off.

Eu­ro­pean Pres­i­dent Her­man Van Rompuy is due to meet Greek leader An­to­nis Sama­ras to­day. The In­ter­na­tion­al Mon­e­tary Fund (IMF), the Eu­ro­pean Cen­tral Bank (ECB) and the Eu­ro­pean Com­mis­sion-the group of donor bod­ies known col­lec­tive­ly as the "troi­ka"-are ex­am­in­ing whether Greece is mak­ing suf­fi­cient progress to­wards re­form­ing its pub­lic fi­nances. Greece is cur­rent­ly try­ing to fi­nalise a pack­age of 11.5 bil­lion eu­ros of spend­ing cuts over the next two years.

It is al­so be­ing asked to put in place eco­nom­ic and struc­tur­al re­forms, in­clud­ing changes to the labour mar­ket and a re­newed pri­vati­sa­tion dri­ve. The mea­sures are need­ed to qual­i­fy for the next 33.5 bil­lion eu­ro in­stal­ment of its sec­ond 130 bil­lion eu­ro bailout. Greece needs the funds to make re­pay­ments on its debt bur­den. A de­fault could re­sult in the coun­try leav­ing the eu­ro.

Reuters