An article from the New York Times which provides a look at what is happening on the ground in Greece as the cash dries up. Sobering reading.
For the rest of this month, Greece should be able to cover daily cash deficits of around 100 million euros, government ministers say. Starting June 5, however, these shortfalls will rise sharply, to around 400 million euros as another I.M.F. obligation comes due. They will then double in size on June 8 and 9.
"At that point it is all over," said a senior Greek finance official who spoke on the condition of anonymity.
- Analysts say Greece is already operating as a bankrupt state
- All embassies and consulates - as well as municipalities throughout the country - have been told to forward surplus funds to Athens
- Hospitals and schools face strict orders not to hire doctors and teachers
- And national security officials complain they are under intense pressure to keep air and sea missions to a minimum
