A plan to bail out Greece that could total as much as €30 billion is now being considered by German and French officials, according to a person familiar with the situation. The plan would call for the sale of debt to French and German entities, likely state-owned banks, as well as the public markets, this person said. AFP/Getty Images German Chancellor Angela Merkel, Greek Prime Minister George A. Papandreou, French President Nicolas Sarkozy leave for a EU summit on Feb. 11. More Earlier: Showdown in Athens Greece Postpones Asia, U.S. Bond Roadshow Credit-Rating Firms Amplify Economic Jitters Complete Coverage: Greece's Debt Crisis The sale roughly would be split between the states and debt investors. The timing of any sale is unclear and is pending approval by German and French officials. While officials in those countries may want time to deliberate, there is an increasing sense that the financial markets want to see a resolution. That could increase pressure on government officials to sign off on the debt sale before problems extend to other European countries.[Read more...]