Pages

Tuesday, March 3, 2015

Greece taps public sector cash to help cover March needs: sources

Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters on Tuesday. Shut out of debt markets and with aid from lenders frozen, Athens is in danger of running out of cash in the coming weeks as it faces a 1.5 billion euro loan repayment to the International ...


READ THE ORIGINAL POST AT news.yahoo.com