Tuesday, April 21, 2015

#GREECE: Gov't Orders Cash From State-Owned Enterprises In Desperate Bid To Remain Solvent

[world politics news]


The Greek government has ordered a mandatory transfer of cash reserves from state-owned enterprises to its central bank, in a desperate bid to gather enough cash to remain solvent. The move comes as Greece's cash crisis gets worse every day. Even the most conservative estimates calculate the government's coffers will run dry in a matter of weeks.

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