Athens - Greece's cash-strapped leftist government is pushing major state utility firms to lend the government cash through short-term repo transactions as it scrambles to avoid running out of cash, the Kathimerini newspaper reported on Thursday.
Prime Minister Alexis Tsipras's government has already resorted to dipping into the cash reserves of pension funds through such transactions, officials told Reuters earlier this month.
Kathimerini, citing unnamed sources, said the government was calling on the main utilities, such as the Athens Water Co (EYDAP) and the Public Power Company, to undertake repo transactions in which state entities lend money to the Greek debt agency through a short-term repurchase agreement.