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The Latest: European markets spike on Greek proposals

Greece's Prime Minister Alexis Tsipras attends a meeting with lawmakers of Syriza party at the Greek Parliament in Athens, Friday, July 10, 2015. Tsipras will seek backing for a harsh new austerity package from his party Friday to keep his country in the euro — less than a week after urging Greeks to reject milder cuts in a referendum. (AP Photo/Thanassis Stavrakis)
Greece's Prime Minister Alexis Tsipras attends a meeting with lawmakers of Syriza party at the Greek Parliament in Athens, Friday, July 10, 2015. Tsipras will seek backing for a harsh new austerity package from his party Friday to keep his country in the euro — less than a week after urging Greeks to reject milder cuts in a referendum. (AP Photo/Thanassis Stavrakis) Greece's Prime Minister Alexis Tsipras attends a meeting with lawmakers of Syriza party at the Greek Parliament in Athens, Friday, July 10, 2015. Tsipras will seek backing for a harsh new austerity package from his party Friday to keep his country in the euro — less than a week after urging Greeks to reject milder cuts in a referendum. (AP Photo/Thanassis Stavrakis)

By Associated Press 2 min read

ATHENS, Greece (AP) – The latest from Greece’s financial crisis (all times local):

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10:35 a.m.

European stock markets have responded positively to the reform proposals that the Greek government sent overnight to creditors.

In early trading, the Stoxx 50 index of leading British shares was up 2.3 percent while Germany’s DAX rose 2.1 percent.