Greece Races as Cash Dwindles With Europe Seeking Austerity

June 18, 2012 by legitgov

Greece Races as Cash Dwindles With Europe Seeking Austerity 18 Jun 2012 Greece's two traditional political rivals are in a race to forge an unprecedented coalition as the state's cash dwindles, bank deposits flee and Europe demands renewed austerity pledges before releasing more emergency aid. Greece will run out of money in mid-July, the Syriza party, which placed second in yesterday's election, said on June 13 after being briefed by Acting Finance Minister Giorgios Zanias. Caretaker Labor and Social Security Minister Antonis Roupakiotis refused to offer assurances pensions will be paid in August, Athens News Agency reported the same day.