Greece 'on the brink' as cash reserves dry up

5corpio

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Greece 'on the brink' as cash reserves dry up

31 July 2012, 20:21

Greece 'on the brink' as cash reserves dry up

Near-bankrupt Greece is fast running out of cash while it waits for its next installment of aid from international lenders, a deputy finance minister has said, sounding the alarm on the country's precarious financial position.- Read more here: Greece 'on the brink' as cash reserves dry up - Telegraph

Previous AAD Blog pages Aug 2011 - Greece has been forced to activate an obscure emergency fund for its banks because they are running short of collateral that is acceptable to the European Central Bank (ECB).

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Tags: bankrupt, banks, cash, central bank, debt, emergency, european, finance, financial, forced, fund, greece, iva, lenders, minister, telegraph

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Greece 'on the brink' as cash reserves dry up

Greece 'on the brink' as cash reserves dry up