Associated Press/New York Times
November 17, 2010
The European Union on Wednesday denied claims that Greece's next bailout loan installment would be delayed, underscoring the extent to which tensions are brewing over paying for the country's rescue.
EU and Greek officials quickly rejected a claim by Austria's finance minister that the next part of the euro110 billion emergency loan to Athens would be delayed from December to January because they were still waiting for data about Greece's progress on cutting the budget deficit.
The EU and Greece stressed there had been no change to the payment schedule for the rescue loan, which is being doled out in portions, depending on Athens's progress in cutting is massive budget deficit.
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