WROCLAW, Poland (AP) — The head of the eurozone finance minister's group says Greece's international rescue partners will decide in October on a crucial payout of bailout loan money.
The next €8 billion ($11 billion) installment of Greece's bailout loan is needed to keep the country from a disastrous debt default. But officials from the eurozone and the International Monetary Fund have delayed their assessment amid questions about whether Greece was doing enough to cut its deficit.
Jean-Claude Juncker said officials welcomed "the renewed, firm commitment of Greece" to its austerity program and said they "would decide in October on the next tranche."
Copyright 2011 The Associated Press.