Major Gains After Merkel's Greek Pledge

Summary


HOPES that world leaders are moving closer to a plan to save the euro helped London's leading share index make its biggest percentage gain of the year.

The FTSE 100 Index rose 4%, or 204.7 points to 5294.1 - its biggest rise since May 2010 - after German chancellor Angela Merkel pledged to do whatever she could to help Greece regain investors' confidence.

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Extract


Major Gains After Merkel's Greek Pledge

Greece's finance minister also said the debt-stricken nation would receive the next round of bailout loans in time to avoid a ...

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