May
26
With Money Drying Up, Greece Is All but Bankrupt
By
A street in central Thebes, northwest of Athens. While the trash is being collected, budget cuts of 50 percent leave room for little else. CreditEirini Vourloumis for The New York Times
ATHENS — Bulldozers lie abandoned on city streets. Exhausted surgeons operate through the night. And the wealthy bail out broke police departments.
A nearly bankrupt Greece is taking desperate measures to preserve cash. Absent a last-minute deal with its creditors, the nation will run out of money early next month.
Two weeks ago, Greece nearly defaulted on a debt payment of 750 million euros, or about $825 million, to the International Monetary Fund…
With Money Drying Up, Greece Is All but Bankrupt
