Euro, shares gain as Greek deal seen closer
LONDON (Reuters) – European shares rose and the single currency hit a three-week high on Friday after progress was reported in talks to help Greece manage its huge debt and secure much needed aid payments. The International Monetary Fund (IMF) and the European Union are at odds on setting a target for Greece’s debt by 2020, and the two sides are now 10 billion euros ($12. 9 billion) apart, a Greek government official told Reuters. In the wake of the report the euro rose past $1. 29 to hit a fresh three-week high of $1. 2908 in early European trade. . . .
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