Greek state cash reserves and assets were estimated at 36.6 billion euros at the end of March, up from 28 billion at the end of 2014 before SYRIZA took power in the country, Finance Minister Christos Staikouras announced on Friday, according to ANA.
Speaking in Parliament, Staikouras said that this increase was attributed to disbursement of 15.7 billion euros from the European Stability Mechanism to the country and higher budget surpluses from previous years (9.0 billion from the EMS tranche that was not channeled in the real economy, 3.0 billion euros from new debt issues and 3.7 pct from excessive budget surpluses).
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