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Athens seeks to tap state bodies' reserves

Athens

GREECE'S government confirmed on Thursday that it may raid the country's pensions and social security system to raise money to meet its huge debt repayments.

With Athens having to find six billion euros (S$8.8 billion) in the next two weeks alone to pay its creditors, and its bailout frozen, the finance ministry said it is to ask Parliament to allow it to raise money from the reserves of state bodies.

It insisted that it was not forcing state bodies and funds to transfer their reserves to the...

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