Euro rumors get more concrete

02/09/2010 12:25 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

European news outlets are reporting that a “senior source” in the German coalition government has said that European governments have decided in principle to help Greece.

Financial Times Deutschland is reporting that the German government is preparing a plan to help Greece.

That goes along with comments from that senior source that the most likely form of aid will be bilateral. That description would fit a German aid package.

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