ECONOMY

Greece has ways to cover March funding needs, says ministry official

March 2, 2015 02.03.2015 • 16:14

Greece has alternative ways to cover its funding needs for March, a finance ministry official told Reuters on Monday, without specifying the options at hand.

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. It must repay a 1.5 billion euro IMF this month.

“We have alternatives to address the liquidity issues in March,» said the official, who spoke on condition of anonymity, when asked if Athens could cover its needs without issuing more treasury bills or receiving 1.9 billion euros worth of profits the ECB made on buying Greek bonds.

[Reuters]

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