Europe Shares Rise Ahead of Cliffhanger Greek Vote

Reuters/Luke MacGregor

Reuters – By Blaise Robinson – June 15, 2012

PARIS, June 15 (Reuters) – European stocks ended higher on Friday, with a key euro zone index hitting its highest closing level in nearly four weeks, as speculation of coordinated action by the world’s top central banks eclipsed jitters over Greece’s cliffhanger vote on Sunday.

The FTSEurofirst 300 index of top European shares closed 1 percent higher at 993.23 points, while the euro zone’s blue-chip Euro STOXX 50 index ended 1.5 percent higher at 2,181.23 points.

Greece’s leftist SYRIZA party is currently running neck-and-neck with conservative New Democracy party ahead of Sunday’s vote, and although no party has called for euro exit, SYRIZA rejects the tough terms of the country’s bailout, without which Greece will default.

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