Financial markets surged on Tuesday on hopes of a European rescue plan for Greece, as German officials admitted they were considering a “firewall” to prevent the Greek debt crisis spiralling out of control, reports the FT. Reuters on Wednesday cited a senior German coalition source saying European governments had “agreed in principle” to help Greece, probably on a bilateral basis. The euro’s slide and pressure on bond prices had forced Berlin to consider “significant” steps in handling the crisis, said one official.

This entry was posted by Gwen Robinson on Wednesday, February 10th, 2010 at 5:23 and is featured in The 6am Cut London (10 Feb 2010) . Tagged with ecb, eu, euro, eurozone, Greece, jean-claude trichet. Edit this entry.