European officials struggle with Greece's rescue

06/15/2011 | Bloomberg · Wall Street Journal, The · Guardian (London), The

European finance ministers are struggling to reach a consensus on the best way to include investors in the next rescue of Greece without triggering a debt default. Officials might not come up with a solution this month, as talks continue to drag. "There's no Plan B; we have to come up with a solution," said Gilles Moec, co-chief European economist at Deutsche Bank. "They'll find a way to make it safe, which is what the [European Central Bank] and French want, and make it irrevocable and grant more time, which is what Germany wants."

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Bloomberg · Wall Street Journal, The · Guardian (London), The

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