Greece Seen Needing New Aid Deal by June to Avert Crunch
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Greece is set to run out of cash by mid-year if it can’t break the deadlock over its rescue program, according to two international officials with knowledge of the matter.
The nation could probably stretch past the end of February -- as far as Prime Minister Antonis Samaras has assured his nation’s financing -- if tax flows continue and there’s no disruption to emergency liquidity support for Greek lenders, said the officials, who spoke on condition of anonymity because the analysis is private. In July and August, two bond repayments to the European Central Bank totaling 6.7 billion euros ($7.7 billion), probably would overwhelm available buffers, they said.