Market relief as Greece delivers credible proposals

Stock markets across Europe and the UK rose amid cautious optimism that yesterday afternoon’s long awaited reform proposals from Greece may form the foundation for the release of EU funds.  Enthusiasm was tempered somewhat by the fact that Wednesday’s meeting may still fall short of an agreement but it does send the signal that a deal is possible.  The FTSE rose 20 points to 6,847 this morning having risen over 100 points, or 1.72%, in late trading yesterday.