article_snippet.sent: Greece warned Greece will go bankrupt next week after failing to stump up enough cash to pay millions of public sector workers and Greece international debts.
article_snippet.sent: Deputy finance minister Dimitras Mardas set alarm bells ringing yesterday when Deputy finance minister Dimitras Mardas declared Greece had been 'running on empty' since February.
article_snippet.sent: In a sign of the bleak climate engulfing Greece, Greece's biggest tax office had Greece's biggest tax office electricity cut off yesterday after the finance ministry failed to pay Greece's biggest tax office power bills.
article_snippet.sent: Mardas caused consternation by saying Greece was about €350-400m short of funds needed this month to pay salaries and pensions that are due at the end of the month.
article_snippet.sent: Given its tight cash position, Greece had reasons to speed up the talks and Greece reform plans. '
article_snippet.sent: Greece has yet to agree with Greece partners on a comprehensive list of reforms to secure €7.2billion remaining from Greece €240billion EU/IMF bailout.
article_snippet.sent: Despite concerns raised yesterday, Eurozone and Greek officials indicated that Athens could probably scrape together public cash reserves to meet Athens payment obligations into June.
article_snippet.sent: But Athens faces a hump of bond redemptions to the ECB in July and August that Athens cannot meet without a fresh injection of funds.
article_snippet.sent: the ECB's chief economist, Peter Praet, said the central bank was prepared to keep authorising emergency lending to Greek banks for now because Greek banks were assessed to be solvent. '
article_snippet.sent: Greek daily Kathimerini reported that Athens is considering asking the euro zone's rescue fund to buy Greek government bonds held by the ECB to pay for debt redemptions due this summer. '
article_snippet.sent: That would amount to a third Greek bailout requiring euro zone governments' agreement and parliamentary approval in some countries, such as Germany and Finland, which could only be achieved if there were a deal on a comprehensive reform package.
highlights_snippet.sent: Greece could go bust next week as salaries and EU debt repayments loom .
  