Germany, France reach accord on Greek bailout

Germany and Frnace have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe.

The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday starting at 1100 GMT of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.