Greece repaying €750mn in interest, will run out of cash in ‘weeks’ without debt deal| glObserver Global Economics


Athens has begun repaying some €750mn in deficit interest to its creditors, just days before deadline, but says it may default by next month if the liquidity issue is not resolved. Meanwhile a Eurogroup conference, while optimistic, produced no new deficit transaction. “The liquidity issue is a terribly urgent issue.

Source: globserver.cn

Greece owes external creditors additional than €320 billion, and is counting on a final €7.2 billion International Monetary Fund tranche, which has so far been suspended, to simply cover its daily fee and pension obligations, which all to approximately €1.5 billion a month.

See on Scoop.itglObserver Europe

Author: globserver

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