“European leaders were holding an emergency summit in Brussels on Thursday to attempt to thrash out a deal to resolve Greece’s debt crisis and prevent it triggering a euro meltdown and a new global economic slump.

Ahead of the meeting, French President Nicolas Sarkozy and German Chancellor Angela Merkel buried sharp differences to agree a plan on a second multi-billion dollar rescue package for Greece and an expansion of the 17-state eurozone’s sovereign rescue fund.”

Source: Euro leaders hammer out Greek rescue deal – CNN.com