Reuters
July 14, 2011
They are far from reaching a consensus. There is no agreement so far on how private investors would contribute part of the cost, or even on when euro zone leaders will next meet to discuss the rescue.
But the proposals appear to be a step forward because they indicate talks are now focusing on a comprehensive settlement that would seek to end financial market uncertainty over Greece immediately, rather than -- as with previous rescue plans -- keeping Greece afloat until a permanent solution can be found months or years from now.
"Markets are driving this debate, no longer politicians," said one banker.
"We have to find a comprehensive solution for the life- threatening crisis in Greece. There's a chance to find a solution over the next weeks."
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