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Greece in Need of 6.55 Billion Euros by June


Greece’s need to serve its public debt are detailed in a document issued by the Public Debt Management Agency (PDMA), which was submitted earlier this week to the Greek Parliament. According to the document, the country’s needs for March, April, May and June reach 6.55 billion euros, not taking into account the short-term debt which is refinanced.

Specifically, Greece will need 2.2 billion euros for March, 0.82 billion euros for April, 1.03 billion euros for May and 2.5 billion euros for June. The figures were tabled to the Parliament after a question submitted by To Potami MP Kyrgiakos Charakidis. The newly elected MP asked to be informed on how the state’s financial needs will be met, both on an internal and an external level. °Our country this year is in consultation with the European institutions on the issue of financing,° the letter, signed by the Director General of PDMA Stelios Papadopoulos, concluded.

It should be noted that yesterday, the European Commission President Jean-Claude Juncker, while addressing a joint press conference after a meeting with the French Prime Minister Manuel Valls, declared himself worried about Greece’s progress. °I remain worried about Greece. I am not satisfied with the progress that we could have achieved in the past few days and I want all parties to get their wits together.” Finally, he urged all parties involved in the negotiations to find a solution as soon as possible.

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