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Eurozone decision in October on Greek loan slice: Juncker

16 September 2011, 15:33 CET
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Eurozone decision in October on Greek loan slice: Juncker

Jean-Claude Trichet

(WROCLAW) - Eurozone governments on Friday delayed until October a decision on eight billion euros of bailout loans blocked amid checks on Greek promises of reform, eurozone chief Jean-Claude Juncker said on Friday.

"We will decide on the disbursment of the next tranche of the Greek adjustment pogramme in October," the Luxembourg prime minister told a news conference in Poland after morning talks among the 17 euro currency partners, also attended by US Treasury Secretary Timothy Geithner.

Juncker said the Eurogroup "recognised significant efforts made by the Greek authorities over the last year," but said the "continued full implementation of the adjustment programme remains crucial."

He said Greek Finance Minister Evangelos Venizelos reiterated Greek promises to meet targets in terms of budget and economic reforms, and "therefore we welcomed the renewed firm commitment of the Greek authorities to fully and decisively implement" the changes.


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