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Europe markets rally on Greek funding request
Add BT as a preferred sourcePublished Wed, Jul 8, 2015 · 09:50 PM
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London
EUROPEAN markets rallied on Wednesday afternoon after Greece submitted a formal request for temporary funding from the 500 billion euros (S$755 billion) European Stability Mechanism (ESM).
Despite the request from the eurozone bailout fund, however, Germany and other eurozone finance ministers have demanded a detailed proposal for budget and economic reforms by Thursday night. European leaders will vote on them at an emergency meeting on Sunday.
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