Angela Merkel and Nicolas Sarkozy before talks in Berlin yesterday. Photograph: Steffen Kugler/Getty ImagesGermany Eases Stance, Boosting Hope For Greek Aid -- Bloomberg Businessweek
Germany softened its position on giving Greece more help by agreeing with France on Friday that private investors would be involved only on a voluntary basis, a move that boost hopes the debt-ridden country will get another rescue package.
Chancellor Angela Merkel and French President Nicolas Sarkozy announced they had reached common ground on the delicate topic of involving Greece's bondholders, calming fears Germany wanted to see losses forced on private creditors.
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Update: Hopes for 'Greek miracle' as Merkel changes position -- Irish Times
My Comment: I guess this reporter's analysis came true.
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