Greece Averts Energy Crisis As Gas Firm Gets Loan
From Reuters
Greece has averted an imminent energy crisis after gas supplier DEPA secured a 100-million-euro ($127 million) bank loan to pay foreign suppliers, a company official said on Wednesday.
A cash crunch in Greece”s electricity system has left DEPA scrambling for cash to pay its natural gas suppliers, mainly Russia”s Gazprom, after Greek power producers failed to pay their bills.
