Greece will begin debating measures to boost liquidity as thecash-starved country braces for more than 2 billion euros (US$2.12billion) in debt payments Friday.

Unable to access bailout funding and locked out of capitalmarkets, the government will outline emergency plans to parliamentlater Tuesday that includes incentives for tax delinquents to payup before March 27, when the government needs money for monthlysalaries and pensions.

Prime Minister Alexis Tsipras's government is burning throughcash while trying to get creditors—euro area member states, theEuropean Central Bank (ECB), and the International Monetary Fund(IMF)—to release more money from a 240 billion-euro bailoutprogram. Euro-area finance ministry officials will hold a callTuesday to discuss Greece's deteriorating finances, according totwo European officials who asked not to be identified because thetalk hasn't been publicized.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.