Greek tax collectors run out of money for gas to collect taxesSubmitted by Charleston Voice on Wed, 06/06/2012 - 09:57
Greece Warns of Going Broke as Tax Proceeds Dry Up
By LIZ ALDERMAN
Published: June 5, 2012
As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money.
Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might have to temporarily stop paying for salaries and pensions, along with imports of fuel, food and pharmaceuticals.
Officials, scrambling for solutions, have considered dipping into funds that are supposed to be for Greece’s troubled banks. Some are even suggesting doling out i.o.u.’s.
Editor's note: Is this the future of the US?