EU seals deal to rescue Greece

City A.M. Reporter
A NUMBER of euro zone officials have sealed a deal to help Greece in its debt crisis, European Union President Herman Van Rompuy has said.

The agreement came after a summit between Van Rompuy, European Commission President Jose Manuel Barroso, French President Nicolas Sarkozy, German Chancellor Angela Merkel, European Central Bank President Jean-Claude Trichet and Greek Prime Minister George Papandreou.

Spanish Prime Minister Jose Luis Rodriguez Zapatero and Eurogroup Chairman Jean-Claude Juncker were also at the crunch.

Van Rompuy said: "There is an agreement on the Greek situation. We will communicate now the agreement to the other leaders."