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News Link • European Union

Greece Says Cash Reserves Almost Depleted

•, By: Reuters
 Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro ($165.16 billion) international bailout that is keeping it afloat, a deputy finance minister said on Friday.
"The situation with the state's cash reserves is borderline," Deputy Finance Minister Christos Staikouras told a conference. "This fact creates a condition of asphyxiation in the economy."

 Athens is considering rolling over 5 billion euros in treasury bills when they mature next week due to a likely delay in receiving the 31.5 billion euro tranche.

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