Smoke and smoke....

Every day I read in the Greek press about the bills that have not been paid by the government (doctors, pharmacists and other suppliers of services and goods. Their deficit for the first 7 months of this year is some 13bn. They are still predicting a shortfall of 1bn by year end - the difference made up by increased tax payments in 'second half' (it is 5 months - another Greek accounting error?) Dream on!  This is without accounting unpaid bills. For which they announced nearly 2 weeks ago that the government were only going to pay 'salaries and pensions' (so not doctors and pharmacists who are not employed).  There are differing reports about when the Troika will report - end Sept earliest, maybe Oct. Every day Greece is bleeding actual cash, apart from the increasing liabilities that it is incurring due to non-payment.  We all know that Greece has a Governor - Horst Rechengach , however as this subject is taboo, i'l say : even a Troika report, which one assumes will be based on a certain date snapshot, will be out of date before the print is dry.Hopefully they will include a cashflow prediction for the future months (negative?).  Never mind what Junker said about wanting Greece to stay in the EZ and waiting for the Troika report (I am sure he knows what it will say) instead concentrate on his comments on 'credibility' - he is a Banker and when bankers doubt credibility be "Very Afraid'