(RTTNews) - The euro rebounded on Friday, paring its sharp recent losses after Germany backed down from demands that the private sector bear some of the burden of another expensive bailout.After meeting with French counterpart Nicolas Sarkozy, German leader Angela Merkel conceded that participation by private lenders, including the region's wobbly banks, should be voluntary.With German policy moving closer to that of the European Central Bank, analysts expect a massive rescue package to be agreed upon in the coming weeks, as long as Athens remains committed to its austerity measures.
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