05 June 2012

This is What Economic Hypothermia Looks Like

For example, public utilities not paying bills to their suppliers.
Greece’s Public Gas Corporation has asked power regulator RAE to take measures to protect the country’s electricity network, suggesting it may cut supplies to private electricity producers, which owe it €300m, Greek daily Ekathimerini reports. At least €100m must be paid to Turkey’s Botas and Russia’s Gazprom before 22 June.


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