A group of European finance officials met in Paris today to try to forge a common position on Greece’s next aid payment as a sputtering economy and a spat with the International Monetary Fund cloud efforts to resolve the crisis.
Finance officials from France, Germany, Italy and Spain convened a day before a meeting of the 17 euro nations in Brussels, according to a European Union official. Lengthening maturities on Greek debt and lowering rates on the country’s bailout loans are the main options being discussed to plug a funding gap, said the official, who declined to be named because the talks aren’t public.
Greek bonds rallied as analysts at Commerzbank AG, BNP Paribas SA and Societe Generale speculated the finance ministers will achieve their aims. The yield on 10-year Greek notes fell 25 basis points to 17.23 percent.