Greek debt crisis: Cash-strapped country runs out of money to pay public sector workers

GREECE’s public sector employees and suppliers have not been paid amid further signs the cash-strapped country’s bankruptcy is imminent.

As the country’s need for a bailout loan reaches crisis point, workers and business reliant on government funding have been left in a state of panic and confusion.

“We are now running one month behind on our salaries. Until only recently we were two months behind, and no-one would tell us if and when we would get our next pay cheque,” one employee at an institution funded by the government told the BBC.

Hospital suppliers have also warned that they will soon have to stop providing essential items after not being paid for four months, according to the BBC.

The news comes after Greece’s new left-wing government last week struggled to provide pension benefits.

The Greek Deputy Finance Minister, Christos Staikouras, recently admitted that Athens was struggling to find the money needed to pay wages and pensions.

Now Greece’s only hope of avoiding bankruptcy is a €7.2billion (£5.6billion) bailout loan from EU creditors.

Full article: Greek debt crisis: Cash-strapped country runs out of money to pay public sector workers (Express)