Demand for hospitals' reserves raises concerns about govt's liquidity position

Economy Tags: Banking, Liquidity

Fresh concern about the government’s liquidity position have been raised after the Health Ministry sent a letter to hospitals on April 21 demanding that they transfer their cash reserves to a special account at the Bank of Greece (BoG).

The ministry request urges hospitals to implement a legislative act of 2015, which required general government bodies to transfer the cash they hold at commercial banks to a segregated account at the BoG. The letter asks for the relevant amounts to be t...

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