Source: business.financialpost.com - Friday, February 06, 2015 Good morning. Here’s an executive summary of some of the most newsworthy, fascinating or amusing stories from today’s Financial Post . 1. Greece is three to four weeks away from bankruptcy: sources Getty Images files Farmers protest austerity measures in 2013. Source say Greece will run out of money in three to four weeks. Here’s why: Greece’s new government is refusing to accept more bailout money and is demanding its debtors write-down their existing repayment obligations. Some speculate Greece’s refusal to take on more debt to pay down existing debt will conclude with the country being booted from the euro currency . Others posit that debtors will balk on that threat, as the fallout could be worse for the European Union than a partial default. For the past two years Greece has been taking in more revenue than it spends before interest payments on debts are taken into consideration. Greece’s new government has no stated plans to change this. Rather, their mandate from voters is to use the same amount of money in a way that better serves the interests of their citizens. By spending a smaller portion of the same amount of money on interest payments Greece would be able to free up funds to address widespread social problems at home, such as 25 percent unemployment and 50 percent youth unemployment. 2. Suncor sinks $13.5B into new oil sands mine in spite of crude glut Brent Lewin/Bloomberg files Suncor said yesterday it remains steAll Related
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