European Markets Optimistic over Greek Deal
BERLIN (AP) - A spokesman for German Chancellor Angela Merkel says she and the leaders of Italy and Greece are "optimistic" that a second massive bailout for Greece can be agreed next week.
The statement from Steffen Seibert comes after Merkel, Italian Prime Minister Mario Monti and Greece's Premier Lucas Papademos held a conference call earlier Friday.
The 17 finance ministers of the countries that use the euro are meeting Monday to discuss the bailout.
Seibert's comment is the strongest indication yet that the meeting will bring some tangible decisions on the €130 billion ($171 billion) rescue for Greece as well as a related €100 billion ($132 billion) debt relief from private investors.
Stock markets and the euro have rallied Friday on hopes of a deal being clinched.
- Possible Deal In Ukraine Crisis
- U.S. Postal Service Facing Financial Crisis
- Greece Lowers Debt
- Area Syrian-Americans Weigh in on Overseas Crisis
- North Central Floridians React to Egyptian Crisis
- China Diplomatic Crisis
- Teens Face Worst Job Market in Over 40 Years
- Syria Strike Possibility Rattles Markets
- Woman Who Tried To Run Over Officer Enters Plea Deal
- No Deal Made Yet Over Jobless Benefits