European bank stocks charged higher Friday on brighter prospects for a long-awaited deal between debt-burdened Greece and its creditors. The Stoxx Europe 600 Banks Index climbed 2.5% after Greece late Thursday submitted new economic-policy overhauls and budget cuts to its eurozone creditors. The proposal appears to have moved closer to the measures sought by the country’s creditors. Italy’s Banca Monte dei Paschi di Siena gained 5.7%, the best performing among bank stocks on the Stoxx Europe 600 . Banco Comercial Portugues SA rose 5.2% and BNP Paribas SA rose 5%.
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