European Union talks with banks on bondholder losses as part of a second Greek bailout ran aground, an EU official said, dimming the chances for a comprehensive crisis-fighting strategy at tonight's summit.
German Chancellor Angela Merkel and French President Nicolas Sarkozy, leaders of Europe's two biggest economies, may step out of the leaders-only summit to meet bankers in an effort to break the deadlock, a person familiar with the discussions said.
“Work's not been done yet, but everyone's coming here today with the goal to progress quite a bit,” Merkel told reporters as she arrived for the Brussels summit.
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