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Markets back Greek bailout hopes but German schism may still derail

From guardian.co.uk

Angela Merkel, Mario Monti and Lucas Papademos 'confident' deal on €130bn (£108bn) bailout would be struck on Monday, but concerns are growing behind the scenes. Greek hopes of winning the final go-ahead for a new €130bn (£108bn) bailout when eurozone finance ministers meet on Monday could be shattered even though Athens has agreed to further bruising savings. Angela Merkel's chief spokesman said after the German chancellor held a conference call with Mario Monti, Italian premier, and Lucas Papademos, his Greek counterpart, that the three were "confident" a deal would be struck on Monday. The optimism seeped ... (full story)

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