Friday, November 09, 2012

Life in "Progress" Country - Greece edition

Don't look now but here is our future............

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, finance ministry officials told Reuters earlier on Friday.

Who bails out the bailoutor............

More.......

No comments: