European banks will contribute to a multibillion euro Greek bailout, Germany said on Friday, as talks to secure European Union and IMF aid to Athens in return for draconian budget cuts edged towards a deal.
The European Commission said negotiations on the loan package should be wrapped up by Saturday, and a spokesman said eurozone finance ministers would meet to approve it on Sunday.
Private sector involvement could make it easier for EU governments to persuade skeptical taxpayers to rescue Greece from its debt crisis.
For more: Germany sees private sector helping Greece
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