New York Times
October 4, 2011
Seeking to quash fears about an imminent default, Greece said Tuesday that it had enough money to pay its bills through mid-November — a month longer than previously indicated — even without the next installment of its bailout package.
At a news conference in Athens shortly after meeting with his euro zone counterparts, the Greek finance minister, Evangelos Venizelos, said the most important thing for the debt-laden Greek government was getting the broader European rescue fund up and running. European leaders agreed to a plan to bolster the fund in July, but it has yet to be ratified by all members of the Eurogroup, which is made up of the finance ministers of the 17-country euro zone.
“Until the middle of November we will have no problem,” Mr. Venizelos said. “The main issue is not the release of the sixth tranche but convincing the markets that we have reached a viable solution all together.”
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