Implode-o-Meter News - Greece runs out of funding options despite euro zone reprieve

Shut out of debt markets and faced with a steep fall in tax revenues, Athens is expected to run out of cash by the middle or end of March. Its finance minister has warned that Greece will struggle to repay creditors starting with a 1.5 billion euro IMF loan repayment due in March.
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Greece had also hoped it could tap the almost 11 billion euros of leftover money in the Greek bank stabilization fund, but euro zone finance ministers have decided the money would be returned to the Luxembourg-based euro zone bailout fund.
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A senior Greek banker said the expectation in Athens remained that the ECB would relent and allow some leeway on T-bills.
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The onus is now on Athens to rush through reforms to unlock the remaining aid.

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Greece runs out of funding options despite euro zone reprieve