A new plan by French banks could lead to a breakthrough in efforts to create a second bailout for debt-stricken Greece after German banks also signaled their willingness to participate. German Finance Minister Wolfgang Schäuble has reportedly scheduled meetings with the country’s top bankers to discuss the scheme.

The German government has repeatedly insisted that private investors must take part in further financial aid for Greece, a requirement that has been met with some resistance. But now a potential solution to the conflict has emerged. A number of media reports say that German banks are prepared to take part in a new “soft” debt restructuring plan by Paris aimed at encouraging private sector participation.