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Eurozone ministers defer Greek loan decision

Sep 16th, 2011 07:24 by News

16-Sep (Financial Times) — Eurozone finance ministers have put off until October a decision on whether to grant Greece an €8bn tranche of loans the country is relying on to pay its bills.

The decision sets up another nail-biting scenario in which Athens will be scrambling to convince fellow eurozone governments, as well as the International Monetary Fund and the European Central Bank, to release the loans before it runs out of cash in the middle of next month to pay the salaries of civil servants and other basic obligations.

[source]

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