EU Debt Deal to Come Next Week, Officials Say

Reuters

European leaders will discuss in depth a global solution to the euro zone crisis at a summit on Sunday but no decisions will be adopted before a second meeting to be held by Wednesday at the latest, France and Germany said in a joint statement.

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The communique, issued after French President Nicolas Sarkozy and German Chancellor Angela Merkel spoke by telephone on Thursday, said that France and Germany wanted negotiations to start immediately with the private sector for an agreement on the sustainability of Greece's debt.