European leaders on Thursday urged a compromise be found on a second bailout for Greece as time ran short to avoid a default and the government in Athens plunged into political disarray.
Despite Athens hurtling towards a potential default as early as next month, talks on a new 105-billion-euro ($150 billion) bailout broke down this week over how to get the private sector to contribute alongside taxpayers.
Ministers from the 17-nation eurozone are set return to the negotiating table Sunday in Luxembourg to take a fresh stab at a solution.
French President Nicolas Sarkozy and the European Union executive on Thursday each called for compromises to reach a deal.
AFP
