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Tuesday, May 12, 2015 7:58:11 AM
A frayed Greek national flag flutters on a building rooftop in Athens May 11, 2015. Greece paid about 750 million euros (£537.5 million) to the International Monetary Fund on Monday, a day before it was due, two Greek finance ministry officials told Reuters on Monday. REUTERS/Alkis Konstantinidis
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Over in Greece the government has released figures showing just how low public finances are running.
Helena Smith reports from Athens:
In a move that puts Greece’s credit crunch into perspective, prime minister Alexis Tsipras’ government has revealed that it has just over €600m euro in cash reserves. A presidential degree allowing the state to sequester the funds of public bodies has seen €64.5m being transferred from local authorities to the Central Bank of Greece, said a government statement released this morning...."
Where is the POG going if Athens and the Bank of Greece go...?
http://www.theguardian.com/business/live/2015/may/12/greek-liquidity-bailout-european-finance-ministers-osborne-live-updates
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