Markets Rise On Hopes of Greece Deal

Stock markets have risen on the hope that a deal may finally be agreed between Greece and its creditors, after Athens submitted fresh proposals to try and avoid defaulting on its debts.
Paris and Frankfurt markets were up 3.3%, while London's FTSE 100 was 1.4% higher. The proposals submitted by Athens have been received positively by its creditors - the International Monetary Fund, the European Central Bank and the European Commission (EC) - and by its eurozone partners. French Finance Minister Michel Sapin SAID,
"I see the work that has been done."