Greek minister: we’re on brink

City A.M. Reporter
NEAR-BANKRUPT Greece is fast running out of cash while it waits for its next instalment of aid from international lenders, a deputy finance minister said yesterday.

“Cash reserves are almost zero. It is risky to say until when [they will last] as it always depends on the budget execution, revenues and expenditure,” Christos Staikouras said. “But we are certainly on the brink, we did not receive the aid tranche we were supposed to and we have the pending issue of an ECB bond maturing on 20 August.”