Markets surge ahead of last-ditch summit on Greece
BRUSSELS (AP) — Markets surged on Monday on hopes that eurozone leaders gathered for a last-ditch summit on Greece would reach a breakthrough that might keep the country from defaulting on its debt and falling out of the currency union.
Before leaders gather on Monday evening, eurozone finance ministers will also gather in Brussels to pore over the details of Greece's proposal and confirm whether it meets the demands of creditors.
The new government's different approach to the country's bailout program — essentially denying the need for budget austerity measures which it blames for devastating the economy — has often stretched the talks near breaking point.