Eurozone delays decision on next Greek payout

Eurozone finance ministers have delayed a decision on giving Greece the next instalment of bailout cash.

It came after Greece said it would not meet this year's deficit cutting target, sparking a sharp sell-off in stock markets.

However Eurogroup chairman Jean-Claude Juncker said Greece would not be allowed to default on its debts.

The next 8bn-euro (£6.9bn; $10.9bn) tranche of cash needs to be released by mid-November.

SEE BBC NEWS: http://www.bbc.co.uk/news/business-15161809