Eurozone decision on Greek loan payout due in Oct.

[September 16, 2011]  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 euro8 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."

[Associated Press]

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