Greek stocks are up strongly amid hopes that the new government is inching its way to a debt compromise deal with its creditors in the 19-country eurozone.

The main stock market in Athens is up around 6 percent in midday trading in Athens, with bank shares leading the charge.

Optimism rose over the prospects of a deal on Athens' demand to lighten the load of its bailout after European leaders took conciliatory steps at a summit in Brussels.

Greek Prime Minister Alexis Tsipras has agreed to allow government officials to start technical discussions with debt inspectors. The results will inform a meeting of the eurozone's finance ministers Monday.

Tsipras says a "mutually acceptable" deal is possible while German Chancellor Angela Merkel says her country is ready to compromise.