by Calculated Risk on 4/11/2010 09:20:00 AM

From Bloomberg: Germany Said to Accept EU Loan Compromise for Greece

Germany is prepared to give Greece loans at below-market interest rates ... a European government official said.

The loans would be priced above the rate charged by the International Monetary Fund, which would also participate in a European Union-led rescue ...

The European Commission said in an e-mailed statement that there will be a news conference today in Brussels at about 4 p.m. local time