Big European banks to attend eurozone summit: report

21st July 2011, Comments 0 comments

The bosses of major European banks will attend a eurozone summit in Brussels Thursday that aims to come up with a rescue plan for Greece, the German newspaper Bild reported.

Josef Ackermann, the chief executive of the biggest German bank, Deutsche Bank, is one of those slated to join heads of state and government for the event, the mass circulation daily said.

Bank executives are expected to support some sort of participation by private creditors in a second rescue plan for Athens once political proposals have been worked out.

Late Wednesday, Germany and France broke their deadlock over a new bailout for Greece ahead of the emergency eurozone summit, the latest in more than a year of efforts to underpin Europe's single currency.

German Chancellor Angela Merkel and French President Nicolas Sarkozy, the eurozone's key players, agreed on a "common position" after late-night talks in Berlin, the French president's office said, but did not release details.

European Central Bank president Jean-Claude Trichet took part in the meeting as well.

© 2011 AFP

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