Greece will run out of money as early as the end of November, if it doesn’t receive the scheduled bailout plan payment, according to the PM. Budget cuts - a precondition for bailout – are starting to severely hurt the economy.
The officials from the European Commission, International Monetary Fund and European Central Bank- the so-called “troika” – are currently in Greece to check the country's progress in fulfilling the terms for receiving the aid.
If their report doesn't pave the way for the payment of the next €31bln ($40bln) tranche of the country's bailout, Greece could be forced to default on its debts and perhaps leave the euro.
Source: RT. Read full article. (link)