European markets surge on hopes of at least a fudged Greek deal

London

GREEK and European equities and bonds surged on Monday and Tuesday on hopes that at worst there will be a fudged deal between the indebted depressed nation and its creditors.

Despite reservations of members of parliamentary members of Syrizia, Greece's left-wing ruling party, market participants were cheered by optimistic statements from European Union (EU) leaders. Sanguine markets also ignored Greece's severe ongoing political problem of massive debt overhanging a deeply depressed economy with extensive unemployment and poverty.