Greece says cash reserves almost depleted
ATHENS (Reuters) - Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro 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, finance ministry officials told Reuters earlier on Friday. (Reporting by George Georgiopoulos; Writing by Karolina Tagaris; Editing by Michael Winfrey)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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