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Thursday, March 26, 2015

Greece Has But a Few Days Left

According to the Wall Street Journal, Greece will likely run out of cash on or around April 9 when it must repay €420 million ($460 million) to the International Monetary Fund.

There will then be two T-bill repayments to be met in mid April.

Where will the cash come from?

No one knows, actually everyone does know it won't come from anywhere as there is none left!

Just to help things along the ECB has instructed Greece’s biggest banks to refrain from increasing their exposure to Greek government debt.

Syriza wasted the last two months, now it has but days left before exiting the eurozone or worse.

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