Coalition courts controversy with emergency law to tap general gov't cash reserves

PoliticsGreek Politics Tags: Parliament

The government has drawn up legislation that would force general government bodies, including municipalities and hospitals, to place their cash reserves with the Bank of Greece, which could allow the government to cover its debt obligations over the next few weeks.

This move from the coalition was expected in the wake of earlier legislation that made it voluntary for general government bodies to make their reserves available to the central government. A number of officials, including mayors and pension fund manage...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€500.00