"Grexit" fears reach new heights as Athens bids to avoid loan default
- 9 years ago
Strong rumours continue to abound that Greece will default on its loan repayments and leave the single currency zone.
The cash-strapped country has suggested Russia could provide “a significant fiscal breath” if it takes part in the “Turkish Stream” gas pipeline, but some fear such a solution may come too late.
“The state is running out of cash, definitely, they are scraping funds from everywhere they can find it right now, but I think we have enough liquidity to keep on,” believes political analyst Dimitris Katsikas. “But the crash test will come in June. At the end of the day, we’re going to need a new deal, and if there’s no agreement over that, then yes, we’re going to run out of money.”
Greece has been locked in talks with the EU and the IMF over its repayments and it risks running out of money within weeks unless it submits a credible reform plan.
The ECB is said to be examining plans to create a virtual second currency within the euro bloc to help Athens avoid paying civ
The cash-strapped country has suggested Russia could provide “a significant fiscal breath” if it takes part in the “Turkish Stream” gas pipeline, but some fear such a solution may come too late.
“The state is running out of cash, definitely, they are scraping funds from everywhere they can find it right now, but I think we have enough liquidity to keep on,” believes political analyst Dimitris Katsikas. “But the crash test will come in June. At the end of the day, we’re going to need a new deal, and if there’s no agreement over that, then yes, we’re going to run out of money.”
Greece has been locked in talks with the EU and the IMF over its repayments and it risks running out of money within weeks unless it submits a credible reform plan.
The ECB is said to be examining plans to create a virtual second currency within the euro bloc to help Athens avoid paying civ