Wall Street Journal
October 4, 2011
Greece's government has enough cash to continue operating until the middle of November, the country's finance minister said Tuesday, after euro-zone finance ministers delayed the disbursement of the next tranche of promised aid for the debt-stricken country.
"Until mid-November there is no problem," Finance Minister Evangelos Venizelos said at a news conference. "We have done a cash-flow forecast and our estimates are secure."
In a lengthy meeting of euro-zone finance ministers in Luxembourg on Monday, the ministers decided to put off a decision on whether to approve an €8 billion ($10.54 billion) payment to Greece until later in October, and beyond an informal deadline originally set for Oct. 13.
In previous remarks, Greek government officials have warned that the country was only weeks away from running out of cash and have said those cash reserves would only last until the middle of October.
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