Loading ...German DAX Surges Over 12,000 On Greek Optimism, But The Money Has Run Out
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With Greece’s coffers emptying and payments looming, Prime Minister Alexis Tsipras’s government is coming ever closer to a financial day of reckoning.
While Tsipras may have bought some time after yesterday’s European Union summit in Brussels, he still isn’t saying what’s left in the bank and acknowledges Greece is facing “liquidity pressure.” The country’s cash shortfall is projected to hit 3.5 billion euros ($3.7 billion) in March, according to Bloomberg calculations based on 2015 budget figures.