Friday, October 5, 2012

Greece Prime Minister: Greece Runs Out of Money in November

Greek leader Antonis Samaras told a German paper in an interview published on Friday that his country could not manage beyond November without the next tranche of international aid and suggested the European Central Bank could help by easing the terms of its Greek debt holdings, reports Reuters.

"The key is liquidity. That is why the next credit tranche is so important for us," Samaras told the business daily Handelsblatt. Asked how long Greece could manage without it, he said: "Until the end of November. Then the cash box is empty."

No kidding liquidity. We all could use more liquidity. The ECB will come to the rescue at the last minute, as it always does. The fear is that a collapse of Greek finances leads to a run on Spain, Italy and then maybe France. Until a firewall is built around SIF, Greece will be protected.


  1. It feels like Greece has been running out of money "next month" every month the past year. When will the money actually end?

  2. Got Gold?

    The infantile parasites in Greece want a new baby bottle with more milk...Or they want to suck on the German tit. Why doesn't this scumbag (calling these filthy political animals "Leader" is like calling a rapist a "Lover") come right out and say it?