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Post by bot on Oct 4, 2011 22:56:02 GMT -5
Greece has enough cash until mid-November: report CHICAGO (MarketWatch) -- Failing the delivery of bailout funds, the Greek government has only enough money to stay a going concern through the middle of next month, Dow Jones Newswires reports, citing the country's finance minister. "Until mid-November there is no problem," Evangelos Venizelos told reporters in Athens Tuesday. "We have done a cash flow forecast and our estimates are secure." His remarks follow a Monday decision by European Union finance ministers to delay the approval of the next multibillion dollar tranche of aid. Previously, Greek officials had said cash reserves would be drained by mid-October, the wire service noted. Should more money fail to arrive, Greece could go into default.
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