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Greece is running out of money. The government in Athens is raiding the budgets of the health service and public utilities to pay salaries and pensions. Without fresh financial support it will struggle to make a debt payment due in July.
No, this is not a piece from the summer of 2015 reprinted by mistake. Greece, after a spell out of the limelight, is back. Another summer of threats, brinkmanship and all-night summits looms.
Read full article here: http://www.theguardian.com/business/2016/may/01/europe-illusions-shatter-as-greek-tragedy-plays-on-austerity