The Greek Is Getting Serious

The shared currency strengthened against all but one of its 16 major peers tracked by Bloomberg. A solution involving holders of Greek bonds in a new rescue package for the indebted nation has been found, Sarkozy told reporters in Berlin today at a joint press conference with Merkel. The chancellor said Germany would work with the European Central Bank on the compromise deal after earlier demanding bondholders pay a substantial share of any new bailout.