Greece bailout talks: markets surge on rumours of German compromise

Apparent softening of Berlin's stance towards Athens cheers investors keen to see sustainable rescue after months of wrangling

Stock markets surged on Wednesday after reports of a German proposal to allow Greece to receive a drip-feed of loans in return for a staggered reform programme.

The softening of the German stance towards Athens cheered investors keen to see a sustainable rescue of the debt-stricken country after more than four months of wrangling.

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