Greek State Funds Fall Below 1.5 Billion Euros, Imerisia Says
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May 14, 2012
The level of funds in Greece’s state coffers has fallen below 1.5 billion euros ($1.9 billion), Imerisia reported, citing “reliable information.”
If the state doesn’t receive predicted revenue for the rest of this month, it will find it difficult to pay for social services, pensions and public-sector wages, the newspaper said.
To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net
To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net