Merkel, Sarkozy Find Joint Position on Greece for EU Summit - by Rainer Buergin and Helene Fouquet

German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed on a joint position to solve Greece’s debt crisis on the eve of a summit convened to stamp out contagion in European bond markets.

Details will be released today when euro region leaders meet in Brussels, the governments said in a statement after seven hours of talks in Merkel’s Chancellery in Berlin. The discussions also included European Central Bank President Jean- Claude Trichet and European Union President Herman van Rompuy, who participated by telephone.

Leaders are due to gather at 1 p.m. in the Belgian capital after meetings of national government officials earlier in the day. Deutsche Bank AG Chief Executive Officer Josef Ackermann and a group of senior European bankers will join government officials at the summit, Germany’s Bild-Zeitung newspaper reported, without saying where it got the information.

For more: Merkel, Sarkozy Find Joint Position on Greece for EU Summit - Businessweek