Greece Cash buffer at 34.5 bln euros at the end of 2020

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(The ekathimerini)

The Greek state’s cash reserves stood at 34.5 billion euros at the end of 2020, according to the Bank of Greece balance sheet released on Monday.

The general government’s deposits in the Bank of Greece stood at €24.1 billion in December, from €29.1 billion in October, €28.2 billion in September, €26.6 billion in August and €25.3 billion in July, boosted by a series of bond issues that largely offset the financial cost of support measures implemented by the government to help households and enterprises hit by the pandemic. The Greek state also has deposits worth €10.4 billion in commercial banks.

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