Greece scraped together enough funds to avoid a domestic default on Friday, as the near-bankrupt government bought itself vital breathing space before a crucial series of international obligations are due next month.
Athens successfully paid out half of its monthly public sector wage, pension and social security bill, according to the Greek ministry of finance. The obligations are thought to be around €500bn.
I don’t think that public sector wagews and pensions are twice annual GDP every two weeks. Somehow I really just don’t.
€500 mln I would believe.