Greece tranche decision delayed until October: Juncker
Eurogroup chairman Jean-Claude Juncker says decision to release sixth bailout tranche to Greece will be delayed until October; sovereign may default sooner than expected, says analyst
Eurozone finance ministers agreed on September 16 to delay a decision over the disbursement of €8 billion ($11 billion) worth of loans to Greece until October, raising fears the sovereign will default.
Jean-Claude Juncker, chairman of the Eurogroup, was widely reported as saying the European Central Bank (ECB), International Monetary Fund and European Union would decide in October whether to hand over the sixth tranche of funding. The comments were made after a meeting between European finance
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