Greece has another month before debt assessment

PAN PYLAS
German Finance Minister Wolfgang Schuble, right, talks to the Managing Director of IMF Christine Lagarde prior of the Informal European economic and financial affairs council in capital Nicosia, Cyprus, Friday, Sept. 14, 2012. European finance ministers are gathering in Cyprus for two days of discussions about the debt crisis and the latest developments in Greece and Spain.  (AP Photo/Dimitri Messinis)
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German Finance Minister Wolfgang Schuble, right, talks to the Managing Director of IMF Christine Lagarde prior of the Informal European economic and financial affairs council in capital Nicosia, Cyprus, Friday, Sept. 14, 2012. European finance ministers are gathering in Cyprus for two days of discussions about the debt crisis and the latest developments in Greece and Spain. (AP Photo/Dimitri Messinis)

NICOSIA, Cyprus (AP) — Jean-Claude Juncker, the head of the eurogroup of finance ministers, says Greece will not learn whether it's done enough to get its next batch of bailout cash for at least a month.

Juncker says Friday at an informal meeting of euro finance ministers in the Cypriot capital that decisions on Greece will not likely be made until the second half of October.

The Greek government is trying to cobble together an €11.5 billion austerity package to satisfy its international creditors.

The country is currently being assessed by debt inspectors and Juncker doubts their report will be ready in time for a decision in the first half of October.

Juncker also said he was encouraged by remarks from Spanish Economy Minister Luis de Guindos that the country would do more to reach its deficit targets.