Oh the hymns of great joy are heard throughout the land! Europe is saved! God Bless Us, Every One!
Top level talks were said to be taking place in Berlin on Monday evening to hammer out a proposal that would be presented to Greece as its only realistic chance of avoiding default and safeguarding its membership of the euro. German Chancellor Angela Merkel met with French President Francois Hollande and European Commission President Jean-Claude Juncker in the German capital. Representatives of creditor institutions are said to be preparing to convene with them this evening to discuss a plan to resolve the deadlock over Greece, according to people familiar with the plan. They asked not to be named because the ... (full story)