DEBT FINANCING. Greek bailout loan decision pushed to October

Partner will delay until October its decision on a stack of bailout loans needed to Athens said from a disastrous bankruptcy, the head of the Finance Ministers of the euro zone group Friday payout Greece international rescue.
The announcement at the meeting in Wroclaw, Poland, was yet another example of Europe's last on the nearly two years to solve the crisis of too much government debt in some countries.
US Treasury Secretary Timothy Geithner had the amenities-a first for the finances of U.S. boss - dominated by the increasingly like the United States the global impact of the crisis of the euro area is always connected.
But participants appeared unable, in any front advance.
The European financial chiefs ruled out, the more tax incentives to its lackluster economy is growing again, left the to say there is no room for extra spending large debts. Another sticking point of support for Greece, for a second rescue mission now will, together, a Finnish demand was not solved after collateral either.
The next installment of € 8 billion (11 billion$) of Greece first bailout is a review of the finances of the country. The payment was originally planned for the end of September, and the Greek Government has said that without the new loans it forces of money in the next month she is running to stop, pay public salaries and finally on its massive debt default.
Officials from the euro zone and the IMF have delayed your opinion to Greece a clear plan, but how it will cut its deficits to targets agreed in the bailout program, Jean-Claude Juncker said, is the Prime Minister of Luxembourg, also the regular meeting of Finance Ministers of the eurozone.
Juncker said "the renewed commitment of Greece" for his strict programme welcomed officials and said, "in October to the next tranche would decide."
A delegation from the euro area, the IMF and the European Central Bank unexpectedly left Athens on Sept. 2, delay the long billion ($ 152 billion) bailout agreed expected confirmation that Greece was the terms and conditions for the euro110 in May 2010.
The country's fight to keep a lid on its spending and raise enough revenue rose also uncertainty about a second euro109 billion aid package in July agreed it became clear that the first group of money were not enough.
Fears that Greece had received no more bailout money and standard Greek bond prices lot, weighed on the euro exchange rate with the dollar and roiled stock markets.
Austria's Finance Minister Maria Fekter, traditionally a hard-line on sticking to the bailout conditions, who said she was "very optimistic that the next tranche of Greece can be paid."
She warned of a Greek default, what she "very expensive." said would still be excluded not there as a possibility in the future.
"Should come to a situation where this type (the rescue loans) suddenly more expensive than the alternative, we have to think about the alternative" Fekter said. "But at the moment still not the case."
Friday announcement was a complete insurance received Greece money and hopes for tangible progress on another obstacle were quickly thwarts said Finnish Finance Minister Jutta Urpilainen, gave way to a solution for their country demand it guarantees, to secure their help in the second bailout.
The small Nordic country demand gave rise to similar requests from several other countries, including Austria and the Netherlands.
Meet all the requirements for collateral can shave hundreds of millions of euros from the sum of the total bailout, hurt Greece perspectives and in the meantime other eurozone Nations to finance the guarantees.

"If collateral is provided, this will be done at a price," Juncker said on, where discussions were conducted without further details.
The meeting on Friday comes after several turbulent weeks in global financial markets, triggered by concerns about the impact of potential Greek default value, as well as mounting evidence of a slowdown of the global economy. Some banks in the eurozone have difficulties were to short-term financing in US dollars as other lenders on their exposure of the debt of struggling countries like Greece, Spain, or Italy provide.
The financing of expenditure pushed the US Federal Reserve, the European Central Bank and three other major central banks, banks access to dollars lighter on Thursday, in the hope that the they credit of seizure until, how it can end three years ago after the collapse of us Investment Bank Lehman Brothers.
Accessibility links

Posted in: bailout,DEBT FINANCING. Greek,decision,October,pushed