European debt crisis

WSJ: Greece is in danger of running out of cash soon

According to Wall Street Journal report, Greece is in danger of running out of cash in weeks.

As WSJ indicates, if Eurozone officials didn’t make the above decision then Greece would have been able to take a breather for about 4-6 months, which is enough according to the Greek Government to conclude negotiations.

Greece needs bailout extension to negotiate reforms, says Commission VP

By Jan Strupczewski & Paul Taylor

Greece can choose how to make its public finances healthy and its economy grow, but it must extend its bailout program by a few months to gain time to negotiate those steps, European Commission Vice President Valdis Dombrovskis said.

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