Greece has gathered 600 million euros (433 million pounds) of local government and other public entity money as a result of a recent legislative act to help it deal with a cash crunch, the government's spokesman said on Tuesday. "Up to yesterday local governments have transferred 64.5 million euros and other general government bodies 535.8 million euros to the Bank of Greece, a total of 600.3 million euros," Gabriel Sakellaridis said in a statement. Greece has asked local governments and public entities to transfer idle cash reserves to the Bank of Greece for short-term borrowing by the state via repurchase agreements.
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