The Luxembourg Prime Minister Jean-Claude Juncker told a news conference today after meeting with the euro area finance ministers in Poland that the decision on the next Greek tranche from the 2010 bailout will be made in October.

Juncker who chairs meetings of the eurogroup said that the officials recognized the effort from Greece to meet the conditions of their bailout and said that ministers made progress regarding Finland's insistence to receive collateral for participating in a second Greek bailout saying we concluded that if collateral will be provided, it will be done at an appropriate price.