Greek stocks rise on 2nd bailout announcement

Greek shares are posting gains following the announcement of the country's second bailout deal. The benchmark index on the Athens Stock Exchange was up 0.4 percent just after trading opened Friday, AP reported. The eurozone countries and the International Monetary Fund said Thursday that they will give Greece a second bailout worth ?109 billion ($155 billion), on top of the ?110 billion granted a year ago. The new eurozone rescue loans will carry a generous 3.5 percent interest rate and with maturities of between 15 and 30 years. Greece's Ta Nea newspaper hailed the deal, but liberal Eleftherotypia said the agreement would mean "loan sharks bleeding the people for 30 years."