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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (42365)	10/4/2011 10:30:31 AM
From: DebtBomb	Read Replies (1) \| Respond to of 71411

Greece has weeks left before bankruptcy Finance minister says Greece can last until mid-November without next batch of bailout loans ATHENS, Greece (AP) -- Greece has enough money to pay pensions, salaries and bondholders through mid-November, the finance minister said Tuesday, as markets worried that a messy default could bring down European banks and trigger another global recession. Greece had previously said it would start running out of money in mid-October if it didn't get the next €8 billion ($11 billion) installment of the €110 billion rescue package it has been relying on since May 2010. Evangelos Venizelos sought to reassure Greeks and investors that the country can hold on a little longer while its rescue creditors decide whether to give it more loans. "Until mid-November it is clear there will be no problem," said Venizelos, upon returning from a eurozone finance ministers' meeting in Luxembourg. Markets, however, were fearful. The main Athens stock index was down more than 6 percent by late afternoon. beta.finance.yahoo.com