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2015-03-18 — bloomberg.com
``Unable to access bailout funding and locked out of capital markets, the government will outline emergency plans to parliament later Tuesday that includes incentives for tax delinquents to pay up before March 27, when Greece needs money for monthly salaries and pensions...
Payments on a swap originally arranged by Goldman Sachs Group Inc. in 2001 are also due March 20, said a person familiar with the matter who asked not to be identified publicly. The derivative, now held by the National Bank of Greece, masked the country's growing debt, helping it meet European Union rules for entering the euro area... The interest payment adds to the country's funding woes as the government misses budget targets and the ECB refuses to allow Greek banks to keep the country afloat with additional short-term debt. Greece's 2014 primary budget surplus was just 0.3 percent of gross domestic product, missing a 1.5 percent goal, according to finance ministry data released Monday. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |