Greek Shares Rally on Hopes for Debt Deal With Eurozone

February 13, 2015 9:53 AM

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Greek stocks led a European market rally on Friday amid hopes that the new government is inching its way to a debt compromise deal with its creditors in the 19-country eurozone.

The main stock index in Athens was up almost 5 percent in midday trading, with bank shares leading the charge, as investors grew optimistic that a deal is possible on Greece's demand to lighten the load of its bailout after European leaders took conciliatory steps at a summit.

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