Greece scrambling for cash as 2b euro debt payments fall due

Athens

GREECE will begin debating measures to boost liquidity as the cash-starved country braces for more than two billion euros (S$2.9 billion) in debt payments on Friday.

Unable to access bailout funding and locked out of capital markets, the government will outline emergency plans to parliament later on Tuesday to increase funding. Payments due on Friday include interest on a swap originally arranged by Goldman Sachs Group, said a person familiar with the matter.