Advertisement

HindustanTimes Tue,21 May 2013
RssFeed

Europe

Greece will run out of money by end-Nov: PM
AP
Berlin, October 05, 2012
First Published: 14:08 IST(5/10/2012)
Last Updated: 14:26 IST(5/10/2012)
Share more.
 comments   
Greece's prime minister says his country can survive until the end of November without receiving the next planned installment of its bailout loans.
Officials from the European Commission, International Monetary Fund and European Central Bank are currently in Greece assessing the
country's progress in fulfilling the terms for receiving the aid.

If their report doesn't clear the way for the payment of the next €31 billion ($40 billion) tranche of the country's bailout, Greece could be forced to default on its debts and perhaps leave the euro. It's unclear when a decision will come.

Asked how long Greece can hold out, Prime Minister Antonis Samaras was quoted Friday as telling German daily Handelsblatt that "the till will be empty" by the end of November.


Share more.
 comments   

comment Note: By posting your comments here you agree to the terms and conditions of www.hindustantimes.com
blog comments powered by Disqus

Advertisement
Advertisement

 
Advertisement
Copyright © 2013 HT Media Limited. All Rights Reserved