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CCTV Script 01/04/15

— This is the script of CNBC's news report for China's CCTV on April 1, Wednesday.

Every second counts, as Greece's reserves run low and its relations with the rest of Europe look increasingly strained.

Deal or no deal?

So far.. It appears to be the latter, as Athens is sent back to the drawing board.

This after its EU partners rejected its list of reforms, saying they are nothing more than ideas.

But Greece is running out of cash fast, as it has to repay a roughly €450 million ($482 million) loan from the IMF on April 9.

And the lack of deal makes the risks of a 'Grexit' larger.

While some people are convinced that would be awful, billionaire investors Warren Buffett saying a Grexit wouldn't be the end of the world.

[Warren Buffett. CEO, Berkshire Hathaway] "IT'S NOT ORDAINED THAT THE EURO HAS TO HAVE EXACTLY THE MEMBERS IT HAS TODAY, BUT IT IS ORDAINED THAT OVER TIME THE COUNTRIES IN THE EURO ZONE WILL HAVE TO HAVE SOMEWHAT COMPATIBLE LABOR LAWS, FISCAL DEFICITS, GENERAL MANAGEMENT OF THEIR ECONOMIES THAT DON'T HAVE OUTLIERS THAT AREN'T PLAYING THE GAME THE WAY THE RULes ARE SUPPOSED TO BE. WE MAY FIND OUT SOON WITH GREECE."

Greek bank deposits plunged to an almost 10-year low in February, amid rising political uncertainty and worries over the country's possible exit from the eurozone.

During the last three month, Greeks have pulled some €25bn from the banking system, fearing currency changes or capital controls.

On the other hand, Russia is starting to look like it might be the country's last hope for financial survival.

A meeting between Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin is scheduled for April 8 and speculation is mounting that an offer of aid from Russia could be back on the table.

Russia has said it was willing to offer Greece money before but Greece has so far stuck with aid from its fellow euro zone countries and the International Monetary Fund -- but that was before the country had badly burned its bridges and flirted with defaulting on its debt.

As it stands now, Greece has yet to receive a final tranche of aid from the bodies overseeing its bailout program - the European Commission, European Central Bank and International Monetary Fund - and is predicted to run out of money by April 20.

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