Belfast Telegraph

Greek push over social security cash

The Greek government is looking to get social security funds to hand over hundreds of millions so pensions and civil servants' salaries can be paid, it has been reported.

The move follows a sharp fall in January tax revenue, which left Greece scrambling to find money to pay €1.2bn (£850m) owed to the IMF this month.

An anonymous official told the Financial Times that Greece needs an extra €1.5bn (£1.1bn) by the end of this month if it's to avoid delaying wage payments.

Finance Minister Yanis Varoufakis has said Greece has enough cash to meet its debt obligations but VAT refunds and supplier payments might be delayed.

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