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Greece says cash reserves almost depleted
November 9, 2012 / 12:56 PM / 5 years ago

Greece says cash reserves almost depleted

ATHENS (Reuters) - Greece is fast running out of cash while it awaits the next tranche of its 130-billion euro international bailout that is keeping it afloat, a deputy finance minister said on Friday.

“The situation with the state’s cash reserves is borderline,” Deputy Finance Minister Christos Staikouras told a conference. “This fact creates a condition of asphyxiation in the economy.”

Athens is considering rolling over 5 billion euros in treasury bills when they mature next week due to a likely delay in receiving the 31.5 billion euro tranche, finance ministry officials told Reuters earlier on Friday. (Reporting by George Georgiopoulos; Writing by Karolina Tagaris; Editing by Michael Winfrey)

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