Week 10 Greece awarded financial breathing space with €550m lifeline

Another pause for Greece's hang-man game. Another half a billion, granted by the Hellenic Financial Stability Fund, is now available for Greece to breath with until the redemption of 1.2 billion euro in the coming month. 

The Greece's economy minister claims that he had some plans already in his sleeves. Including digging in pension funds. But they seems to aware that the clock is already ticking and only a few seconds till it strikes 12. It seems that the Greeks are ready to squeeze blood out of a stone, just to pay the IMF dead line. 

Greece is now asking the ECB to raise the cap on the emergency funding (ELA) it provides to the country's banks as capital has fled the country.

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