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> Economy

Greece, trying to balance figures for March

The Financial Times reports that Greece is set to raid social security funds to keep finances ticking

Newsroom March 11 10:37

The Greek government is scrambling to make its payments for March amid speculation that the figures don’t add up. Finance Minister Yanis Varoufakis said that Greece has the cash required to meet debt obligations but not VAT refunds. Furthermore, an anonymous official told the Financial Times that Greece needs 1.5 billion euros by the end of March to make its payments and avoid wage delays. The same article reports that the Greek government is eyeing social security funds to hand over hundreds of millions to pensioners and public sector employees.

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