German Banks, Government Said to Agree on Draft Greek Plan

Germany’s biggest banks and insurers and the government agreed on a draft proposal to roll over Greek debt holdings before a meeting with Finance Minister Wolfgang Schaeuble today, people familiar with the plan said.

The firms will commit to providing financing for a Greek aid package, said the people, who declined to be identified because the talks are private. The draft, which may change during the meeting between Schaeuble and industry executives, left open how much debt would be rolled over and under what conditions, they said. Schaeuble will make a statement at about 3 p.m. Berlin time.