Cash Buffer

Other countries, including Portugal, borrow at a rate of about one percent whereas Greece is obliged to pay off its 10-year bond with a payment of nearly 800mn euros.

Bank of Greece Governor Yannis Stournaras today submitted to Parliament Speaker Nikos Voutsis the Bank's Interim Report on Monetary Policy.

The finance ministry believes that the large cash reserves even under the most conservative assessment are sufficient to cover its mixed funding needs at least for the next two years.

Tsakalotos said that Greece’s bailout exit is founded on a series of factors, include the decisions of the Eurogroup on the Greek debt, and the cash buffer that the Greek government has created