Greece May Get Cash for Arrears Before Elections, Minister Says

Greece is in talks with the European Union and the International Monetary Fund on disbursement of a tranche of the country’s bailout funds to repay some overdue debts to suppliers before elections are held in the coming months.

“From what I know there is a discussion happening so that, possibly before the elections, there will be a tranche which will allow us to repay some, not all of the arrears,” Alternate Finance Minister Filippos Sachinidis said in an interview on Mega TV, according to an e-mailed transcript from the Athens- based ministry.

To contact the reporter on this story: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.