BERLIN (MNI) – Germany and France have agreed on a way for
voluntary participation of the private sector in an additional financial
aid package for Greece, German Chancellor Angela Merkel and French
President Nicolas Sarkozy said Friday.

Sarkozy said the agreement was “in the spirit of Vienna.” Merkel
explained that “the Vienna initiative is a good basis” for
participation of the private sector.

Both leaders stressed that the new aid package for Greece needs to
be decided at the European level swiftly. Merkel said it would not take
until September to achieve that. Sarkozy suggested the decision might be
reached before August.

-More-

[TOPICS: MT$$$$,M$X$$$,M$G$$$,M$$CR$,MGX$$$,MFX$$$,M$F$$$]