Without a deal to extend the terms of its bailout, Greece is likely to run out of cash. The question is a matter of when - and the answer is complicatedIn order to answer the question of when Greece might run out of cash, let’s start at the top of the debt mountain. The country owes €323bn (£238bn), which is more than 175% of its GDP. About three quarters of Greek debt is owed to the EU and the International Monetary Fund (IMF), two of the three members of the troika that has rescued the country with a contentious bailout package.Where did all the money go? @YiannisMouzakis traces how the troika loans to #Greece were used http://t.co/WmWLAmkK7G pic.twitter.com/9Gy6AQU0rY Continue reading...
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