Germany Sees Deal on Greek Aid, Aims to Avoid Bond-Swap Delay
This article is for subscribers only.
Germany expressed confidence that euro-area governments will agree on a 130 billion-euro ($171 billion) rescue for Greece within days, while seeking to keep a bond swap of the nation’s debt on track.
German Chancellor Angela Merkel, Italian Prime Minister Mario Monti and Greek Prime Minister Lucas Papademos discussed plans for a second Greek bailout in a conference call today and are optimistic that euro-area finance ministers will “find a solution to open questions” when they meet on Feb. 20, Steffen Seibert, Merkel’s chief spokesman, said in an e-mail statement.