Euro jumps on Greece rescue plan

The Euro has jumped and stocks in Greece have risen due to reports that European leaders have finalized a rescue plan for it´s troubled economy.

The Athens stock exchange rose 3.4% on the news while other European markets also showed increases with the FTSE up 1% and Germany´s Dax up 1.3% reports the BBC Last month the EU and IMF had agreed a deal to loan Greece 22bn euros ($29bn), this failed to calm investors however as few specifics of the plan were made public. In addition there were concerns that some of the differences between eurozone partners would not be resolved. "We are getting down to two options - an IMF package of financial support or organised debt restructuring." said John Stopford head of fixed income at Investec, The current volatility in the money markets would continue until that happened he said.