Bloomberg News

EU’s Rehn Says Greek Sixth Tranche to Be Decided This Month

October 08, 2011

Oct. 8 (Bloomberg) -- Greece has funds until mid-November and a decision on paying the sixth tranche of the first bailout should be made by the end of this month, European Union Economy Commissioner Olli Rehn said.

Greece must show it is taking the action that’s needed, Rehn said in a television interview on Finland’s state-owned YLE TV1 today. “In principle” it is possible the sixth tranche won’t be paid, Rehn said. It’s up to Greek politicians to ensure that doesn’t happen, he said.

To contact the editor responsible for this story: Kati Pohjanpalo at kpohjanpalo@bloomberg.net


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