2016-04-27mishtalk.com

The creditors demand still more austerity but Tsipras said "no". Instead, Tsipras seeks an emergency meeting, but European Commission president Donald Tusk said "no" to that proposal.

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Greece is fast running out of cash to pay salaries and pensions in May because of lagging tax receipts. To cover the gap Mr Tsipras's government has been strong-arming state entities, from the cash-strapped health service to the profitable water utility, to empty their bank accounts and place the funds with the central bank in a short-term loan arrangement.



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