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Markets react positively to news of Greek deal

Markets react positively to news of Greek deal

A deal appears to have been struck between Greece and its creditors, a move welcomed by markets this morning.

The Financial Times has reported this morning a deal amounting to €82bn-€86bn (£58.8-£61.7bn) has been struck between Greece and its eurozone creditors.

It is understood Greece’s parliament must now agree to certain economic reforms and then the whole agreement before full sign-off can be gained.

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A complete oevrhaul of Greece’s pensions system, its products market, changes in privatisation and the labour market are understood to be key requests of the deal, according to the Financial Times.

The FTSE Eurofirst 300 is already up more than 1 per cent this morning to 1,559 while the FTSE 100 is up 0.7 per cent to 6,721.