ATHENS: The Greece’s Government has just two weeks to pay €465 million payment to the IMF. If it fails to make, it enters a critical situation and cash will run dry in Athens.
It’s a moving estimate, if Greece Prime Minister Alexis Tsipras or Finance Minister Yanis Varoufakis find some clever way of delaying payments or shuffling funds around, it could be pushed back. But that’s not much of a long-term solution. The prospect of running out of funds entirely is now looming.
The government is trying to unlock the extension to its own bailout agreement that was provisionally negotiated in late February. But Athens will not get the €7.2 billion ($7.78 billion) unless it presents a new reform list with more detail on the government’s plans and shows some indication the reforms are actually beginning.
