Emergency summit
July 21, 2011
The heads of major European banks will attend Thursday's eurozone summit in Brussels as the bloc's leaders try to hammer out a new rescue plan for Greece, the German newspaper Bild reported.
Josef Ackermann, the chief executive of Germany's biggest bank, Deutsche Bank, is one of a handful of bankers called on to join heads of state and government for the event, the mass circulation daily said.
The newspaper reported the top managers were invited to negotiate the "voluntary" role Germany expects banks to play in a revised program dealing with their holdings of Greek debt.
Moving forward
Late Wednesday, Germany and France broke their political deadlock over a new bailout for Greece ahead of the emergency summit aimed at securing the future of Europe's single currency.
German Chancellor Angela Merkel and French President Nicolas Sarkozy, the eurozone's key players, said they agreed on a "common position" after late-night talks in Berlin, but did not release details.
European Central Bank president Jean-Claude Trichet was present at the meeting as well.
Author: Sam Edmonds (AFP, Reuters)
Editor: Ben Knight