Greek Deputy Finance Minister Orders The Transfer Of Public Accounts



Dimitris Mardas

As Greece is running out of funds, Greek deputy finance minister Dimitris Mardas ordered the transfer of 1,039 bank accounts of public authorities in a special account in the National Bank of Greece (NBG).

With fears of a forthcoming Greek default triggering volatility in markets across the union today, this initiative depicts cash-strapped Greece’s struggle to collect the money needed to make debt repayments to the International Monetary Fund (IMF) in June and avoid potential bankruptcy.

The transfer of funds should be completed by June 5th, the day that the Greek government has to pay its next installment to the International Monetary Fund.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.