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Greece's creditors expected to ease terms ahead of UK Brexit vote

Greek stocks surge and 10-year bond yields fall sharply, as premier claims major breakthrough in debt talks

Published Wed, May 11, 2016 · 09:50 PM

London

GREECE's creditors have given a strong hint that they will be less stringent with the indebted struggling nation as they wish to avoid a crisis ahead of the UK referendum.

The result has been a surge in the Athens stock market and a sharp dip in Greek 10-year bond yields, which have fallen to 7.8 per cent from just under 12 per cent in February this year and compare with crisis levels of 48 per cent. Although the Athens market dipped from its 2016 peak on Wednesday, it is still some 35 per cent higher than its February 2016 low.

Such is the euphoria over this week's debt negotiations ahea…