Pravda, Russia.

Spanish and Greek bonds rose after German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed on a joint position to solve Greece’s debt crisis.

 German bunds pared their declines after Luxembourg Prime Minister Jean-Claude Juncker said a “selective default” is a possibility for Greece. Details of the Franco-German agreement will be released today when European leaders meet in Brussels, Merkel and Sarkozy said in a statement after seven hours of talks in Berlin.

Details:  http://english.pravda.ru/news/business/21-07-2011/118556-Sarkozy-0/