Tag Archives: And Importers Demand Cash Up Front

John Ward – Euroblown : Greece Stops Dead As Government Introduces Payment Freeze, And Importers Demand Cash Up Front – 28 May 2012

BEDLAM CREATED BY EU/BERLIN LUNATICS TAKES OVER IN ATHENS

Facing the threat of a delay in the disbursement of bailout instalments from the Troika, Greece’s caretaker government has suspended rebates and payments to suppliers of the public sector. All loans by banks to any business, regardless of viability, have been stopped. In the absence of safe ways to sell, 74% of Greek companies are focused on debt reduction. And foreign companies importing to Greece are demanding money up front. Continue reading

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