Friday, October 21, 2011

Europe: Finance Ministers expected to approve aid for Greece, Most Major Decisions Delayed

by Bill McBride on 10/21/2011 08:58:00 AM

Via the Financial Times Eurozone crisis: live blog from Peter Spiegel in Brussels:

Jean-Claude Juncker, the Luxembourg prime minister who chairs today’s meeting of eurozone finance ministers, has entered the gathering and was characteristically blunt on his way in.

He said he believed that the ministers will sign off on the €8bn aid tranche for Greece – “at least I hope it will happen this way” – but warned that because of the decision to hold a second summit, most every other major decision may have to be delayed.
There will still be news on Sunday, but the important news will probably be later in the week - or delayed even more.