2012-08-01telegraph.co.uk

Greece's European partners have repeatedly promised the country will be funded through August, when it must repay a €3.2bn (£2.5bn) bond, but the details of the funding have yet to be disclosed.

In the absence of that money, Greece would run out of funds to pay everyday public expenses ranging from police and other public service wages to pensions and social benefits, Reuters reported.

...

"But we are certainly on the brink, we did not receive the aid tranche we were supposed to and we have the pending issue of an ECB bond maturing on August 20."



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