Greek stocks jump 8%
Banks led the rise, with Attica Bank surging 13.33 percent and Alpha Bank up 8.71 percent.
ATHENS (AFP) - The Greek stock exchange jumped 8.0 percent on Tuesday after the new government revealed that it has a 10-point plan to convince sceptical creditors to ease the country s bailout obligations.
The benchmark index soared in afternoon trading as details emerged of the draft plan, which will be presented to eurozone finance ministers at an extraordinary meeting in Brussels on Wednesday.
Banks led the rise, with Attica Bank surging 13.33 percent and Alpha Bank up 8.71 percent.
According to a finance ministry source, the government is ready to play ball on 70 percent of its bailout obligations but wants to overhaul the remaining 30 percent -- which it would replace with the 10-step plan.
It will offer a series of measures including lower primary surplus targets and cutting debt through a swap plan to replace its current EU-IMF bailout deal obligations.
