“There’s a chance [of a deal]. It will be a lot of work,” German Finance Minister Wolfgang Schaeuble said.
However, a German official rejected a eurozone proposal that would allow the eurozone’s bailout fund, the European Stability Fund, to lend and help finance the cost of any future bank clean-ups.
Irish Minister of Finance Michael Noonan, arriving in Brussels, said there were still “wide differences,” while Dutch Minister of Finance Jeroen Dijsselbloem, who chairs the gatherings of eurozone ministers, said he was ready to call further meetings next week to reach a deal.
In search of a compromise, ministers from the biggest eurozone economies — Germany, France, Italy and Spain — met in Berlin last week, although details of progress were unclear.