Greek officials say the country will run out of money Nov. 16, and a new bailout disbursement is needed so the country won't default. That cannot be approved without a report from the troika of international lenders — the International Monetary Fund, the European Central Bank, and the European Commission, the EU's executive arm.
The parliaments of several eurozone countries will also have to approve the disbursement, meaning a second finance ministers' meeting will be needed, the official said. "There will be no default," the official said. He spoke on condition of anonymity because of EU rules.