EU leaders narrow gap on Greek bail-out deal

Suggestions that euro area leaders were closing in on a Greek financing deal emerged on Tuesday evening (23 March), with pressure mounting ahead of this week's European summit and crucial debt refinancing dates for Athens.

German Chancellor Angela Merkel, whose tough resistance to a quicker agreement has seen her likened to former UK Prime Minister Margaret Thatcher this week, is reportedly ready to sign up to a rescue mechanism, although officials stress important obstacles still need...