Samaras: Greece will run out of money at the end of November

antonis samaras
Berlin, Oct 5: Prime Minister of Greece Antonis Samaras had expressed fear that the country would run out of money at the end of November. Samaras said that if Greece doesn't receive the next planned installment of its bailout loans, then the country would be in big trouble.

However, Samaras expressed confidence that money would arrive on time.

In an interview with the German daily Handelsblatt published on Friday, Oct 5, Samaras warned that it is "very difficult'' to make further cuts to pensions and wages that the country's debt inspectors are seeking".

Greece has relied on bailouts from increasingly impatient international creditors since May 2010. In return, it imposed a punishing austerity program, repeatedly slashing incomes, hiking taxes and raising retirement ages.

OneIndia News

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