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'Greek bailout can be reached,' say Monti, Merkel, Papademos

Leaders look optimistically to Eurogroup Monday

17 February, 14:05
'Greek bailout can be reached,' say Monti, Merkel, Papademos (ANSA) - Berlin, February 17 - Italian Premier Mario Monti, German Chancellor Angela Merkel and Greek Premier Lucas Papademos believe a deal can be reached on a second Greek bailout, Monti's office said Friday. "The three announced they were confident that an accord on Greece could be reached Monday at the Eurogroup meeting," said the premier's office after a telephone conference between the leaders. Held in Brussels, the Eurogroup is a meeting of finance ministers from the eurozone. The impasse over Greece's bailout, which has dragged on for weeks, has been seen as a sign that European leaders are far from solving the eurozone debt crisis, provoking instability on the sovereign-debt market. Monti, Merkel and Papademos spoke after the German chancellor called off a visit to Rome when German President Christian Wulff announced he would step down over a loan scandal.

They will reschedule "as soon as possible," said German spokesman Steffen Seibert. "Our ties with Italy remain very close in these days".

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