Greece can run out of finance since March

5 february 2015 | 13:45

If creditors do not raise the threshold of short-term loans, Greece can soon have a crisis.

Греция Евросоюз флаги
Greece’s government has just a few more weeks
Greece can run out of finance on 25, February.

According to Bloomberg, citing its sources, a threshold on short-term loans established for Greece by official creditors is 15 billion euro (or $ 17 billion). If the threshold does not increase, the government of the country can run out of funds since 25, February.

Thus, the Greece's government has just a few more weeks. "He can meet an existential choice by the end of March (Greek Prime Minister Alexis Tsipras – Ed.): accept the" lifeline" on terms that are consistently rejected, or exit the euro zone," – says the article.

The Greek Finance Minister Janis Varufakis travels to Berlin on Thursday, February 5 for a meeting with his German counterpart Wolfgang Schauble.

Earlier, the Greece's Prime Minister Alexis Tsipras announced that his country would not default.

Read more: Jaresko's agitating for "tiny" help for Ukraine in Davos compared to Greece

Reportedly, the EU and the IMF are not going to forgive the debts to Greece. PM Tsipras promised his voters to achieve reviewing of the economic assistance' conditions (2012 - Ed.) and writing-off of the debt, which now equals 320 billion euro (175% of Greece's GDP).

Source: ZN.UA

No comments