Germany Says It’s Confident EU Will Agree on Greek Debt Plan

Germany said it’s confident that European leaders will reach agreement on funding a second Greek bailout at a July 21 summit, as investors sell Spanish and Italian bonds on concern that the crisis is spreading.

“We must master this challenge,” Steffen Seibert, Chancellor Angela Merkel’s chief spokesman, said in Berlin today. “The way the chancellor sees it, the specific meeting this Thursday is about agreeing precisely on the main points of a new program for Greece, with all relevant details.”