Europe cheers Greek proposal

|By:, SA News Editor

European stocks and bonds are taking off after Greece submitted a last-ditch package of proposals to creditors in a bid to unlock the financing needed to avoid a default.

European Commission spokesman Martin Selmayr said in a Twitter post that Greece's new offer "was a good basis for progress."

FTSE 100 +1.3%; DAX +3.3%; CAC 40 +3.2%; Euro Stoxx 50 +3.3%; Athens' ATG Index +7.6%

Previously: EU leaders gather for Greek talks (Jun. 22 2015)

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