Greece tranche decision delayed until October: Juncker

Greek flag

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 m