Europe stocks climb at open on Greek deal
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LONDON, Nov 27 AFP
November 27 2012, 8:04PM
Europe's main stock markets have risen at the start of trading after eurozone finance ministers agreed to a bailout deal for Athens, easing fears over a Greek bankruptcy.
London's benchmark FTSE 100 index of top companies on Tuesday grew 0.37 per cent to 5,808.10 points, Frankfurt's DAX 30 advanced 0.70 per cent to 7,343.01 points and in Paris the CAC 40 gained 0.74 per cent to 3,526.79.
Greece won breathing space on Tuesday with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will eventually need to be written off.
After 13 hours of talks in Brussels, the eurozone and the International Monetary Fund agreed to unlock 43.7 billion euros ($A54.63 billion) in loans and on the need to grant significant debt relief for decades to come.