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Desperate

Greek PM: ‘Cash Box Is Empty’

Can only last until November.

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Aris Messinis, AFP / Getty Images

Greek Prime Minister Antonis Samaras said Friday that his country needs the next block of international aid, warning that Greece cannot manage past November. Telling a German newspaper that “the key is liquidity,” Samaras said that “the next credit tranche is so important for us.” The Greek economy is hanging on by a thread, he said, and it can only last “until the end of November. Then the cash box is empty.” He also suggested various means of helping, saying the European Central Bank could lower interest rates on Greek debt holdings.

Read it at Reuters

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