The Phaserl


Greece To Run Out Of Cash In Under One Week

from ZeroHedge:

“February 24 is expected to be the first crucial day for state finances, as projections of cash flows see state coffers starting to run dry on that date.  The state of cash reserves – not robust before – has deteriorated further in recent days due to a shortfall in revenues, as a 1-billion-euro hole in January revenues is putting the execution of the state budget in jeopardy and hampering the management of cash reserves. Given these figures, the Finance Ministry estimates that cash reserves will run out next Tuesday.

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