Wednesday, July 20, 2011

Hints of a Bank Plan for Europe Before a Meeting on Greece

New York Times
July 20, 2011

The leaders of Germany and France agreed late Wednesday on a proposal for a rescue plan for Greece to be presented to a summit meeting of European officials on Thursday, a statement from the French president said.

Details of the agreement were not disclosed.

Released by the office of the French president, Nicolas Sarkozy, the statement said he and Chancellor Angela Merkel of Germany had reached an agreement they presented to Herman Van Rumpuy, president of the European Council, for consideration.

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