Greek bank stocks up 7% on coalition talks

Greek bank shares were adding more than 7% in early Monday trade after the country's main political parties clinched a deal to form a national unity government to push through an EU aid package.
"It's a solution to the political deadlock, welcome by the markets," said Theodore Krintas, head of wealth management at Attica Bank. "More details are needed before the market discounts further positive developments."
The Athens bourse's banking index was adding 7.73%, outperforming the broader Greek market which was up 1.99% and the European banking index which was shedding about 2%.
Shares of Alpha Bank were up 7.8% to 1.1 euros with Hellenic Postbank rising 11.4% to 0.45 euro.