Greece will burn through cash in 5 weeks
The Greek government has the cash on hand to pay back a €1.5B IMF loan due in mid-March but after that the situation quickly gets dodgy, according to 'a person familiar with the figures' cited by Reuters.
"Greece can cover its needs until mid-March or the latest by the end of March unless it secures additional funding from official lenders," the person told Reuters.
January budget data shows an unexpected €1 billion euro shortfall in January because tax payers held off paying ahead of the Jan 25 election. Earlier today Kathimerini reported that cashflow projections showed government coffers would start to run dry as early as Feb. 24
