ATHENS 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)
Trending On Reuters
India's economy probably lost momentum towards the end of 2015 on dwindling domestic and global demand even as the Reserve Bank of India (RBI) eased policy four times to boost growth last year, a Reuters poll found. Full Article