Greece Could Run Out of Cash by March Without ECB Support

Greece could be about a month from running out of cash and that could mean an exit from the euro currency.

According to Bloomberg, Greece needs the troika to lift its €15 billion cap on a short-term borrowing facility or else face a cash crunch by February 25th.

Newly-elected Prime Minister Alexis Tsipras would only have a few options with Greek's pulling cash from banks and withholding tax payments. Those include tapping social security funds and withholding payments to vendors.

Otherwise, Tsipras could end up with additional cash under terms he has consistently rejected. Or, Greece could abandon the euro.

Part of Tsipras' campaign is that he pledge to do away with property levies for a weath tax and boosted income-tax threshold. The country is also set to get a €641 million boost in the quarter from a Bank of Greece dividend and cash back from its Greek bond investment. There's also €625 million in the bank recapitalization fund.

All those factors still won't be enough to help Greece meet its obligations by the end of March. Without ECB help, the government would be €4 billion short.

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