The emotion and personalities that clouded the earlier mediation will dissipate, as lawyers can hopefully frame an outline for a deal that can be filled in with football issues at some point.
Angela Merkel's spokesman Steffen Seibert, said last week that "neither the content nor the time-frame of the memorandum (the bailout deal) are up for debate".
JPMorgan is absorbed with the integration of Bank One and says it is not in the frame of mind to do a large deal (though that hasn't stopped it from buying a big stake in a hedge fund and a London-based corporate broker).
If they can persuade the German Chancellor that it makes sense, even from the standpoint of the public finances, to balance budgets over a longer time frame, they might actually be able to reach a deal.