July 13, 2011
The IMF joined Germany on Wednesday in pushing for private sector investors to help cut Greece's debt mountain as the euro zone sought to break an impasse on how and when to grant the country urgent aid.
With Germany hanging back, euro zone officials struggled even to set a date for leaders to meet to agree a way forward, raising fears financial markets might exploit a policy vacuum with a new onslaught on the bloc's high debtors.
"The principle of having a euro chiefs' meeting is accepted by the main players, including Germany," said one EU diplomat, adding that it was likely to happen next week despite earlier signals from Berlin that there was no rush to finalize a second package of aid.
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