Greek Move Bolsters Eurofirst
After the announcement of further austerity measures for Greece lent support to Eurozone indices, European shares rallied to six-week highs.
The Greek prime minister—George Papandreous, announced an additional $5.6bn of deficit cuts, hoping to convince European allies and investors that he can tame the country’s deficit and avert a wider crisis.
The FTSE Eurofirst 300 closed 0.8% to 3842.52, while the Xetra Dax in Frankfurt edged 0.7% higher to 5817.88, all reaching six-week highs.
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