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Euro zone leaders hold key meeting

Thursday, July 21, 2011 - 00:55

July 21 - Leaders from the euro zone have arrived at a critical meeting in Brussels to decide the terms of a second bailout for Greece.

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(ROUGH CUT - NO REPORTER NARRATION) German Chancellor Angela Merkel and French President Nicolas Sarkozy crafted a common position on a second Greek bailout in late night talks in Berlin with ECB President Jean-Claude Trichet, sources in both governments said. The European Central Bank is willing to let Greece slip into temporary default as part of a crisis response that would involve a bond buyback but no new tax on banks, EU sources said on Thursday.

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Euro zone leaders hold key meeting

Thursday, July 21, 2011 - 00:55