While You Were Sleeping: Stocks rally on hope of Greek breakthrough

Wed, 10 Jun 2015

June 11 (BusinessDesk) - Equity markets in Europe and the US rallied after Bloomberg News reported that Germany may accept Greece committing to a staggered package of reforms, with at least one upfront, stoking speculation the indebted nation has more prospect of avoiding default. Bloomberg cited two people familiar with Germany’s position saying that while the Eurozone’s biggest economy will still insist on a package of reforms - higher taxes, state asset sales and cuts to pensions - it may settle for a clear commitment from Greece to a sin...

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