The Traderszone Network

Published in TZ Latest News 17 April, 2015 by The TZ Newswire Staff

Greece scrapes bottom of barrel in hunt for cash to stay afloat

Barring a last-ditch deal with its creditors, that would leave no money to repay the International Monetary Fund almost 1 billion euros due in the first half of May. Athens’ scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he tries to convince sceptical foreign creditors to extend his country new financial aid. “ThisĀ is the last bit of cash that the Greek state has,” a senior finance ministry official, who requested anonymity, told Reuters.

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