Euro and European shares rise over renewed optimism on Greece

Euro and European shares rise over renewed optimism on GreeceEuropean common currency, Euro and the stock markets in the region have gained over renewed optimism on a meeting on Greece future.There are expectations that a meeting to discuss the future of Greece involving he European Central

Bank will help resolve the Eurozone debt crisis. The European Union, European Central Bank and International Monetary Fund have been working to find the best way to resolve the crisis that is affecting the global economic growth.

European stocks opened 0.2 percent higher than main indices in London and Frankfurt remained in the green. The MSCI global share index was 0.14 percent higher at the time of reporting this morning. The Euro recorded an increase of 0.15 percent in value against the US dollar and it also managed to make moderate gains against the Yen and UK Pound.

Investors believe that meeting will provide some clarity on the future prospects of Greece and on the issue of ECB's plan to buy sovereign bonds. Greek Prime Minister Antonis Samaras is set meet German

Chancellor Angela Merkel, French President Francois Hollande and Eurogroup chief Jean-Claude Juncker in order to request for more funds from the European Union, International Monetary Fund and ECB.