Europe

Greek markets buoyed as Europe weighs debt-easing measures

  • Greece's Prime Minister Alexis Tsipras smiles during his government cabinet meeting in Athens, Tuesday, May 10, 2016. European finance ministers on Monday debated for the first time measures to ease Greece's massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks. (AP Photo/Thanassis Stavrakis)

    Greece's Prime Minister Alexis Tsipras smiles during his government cabinet meeting in Athens, Tuesday, May 10, 2016. European finance ministers on Monday debated for the first time measures to ease Greece's massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

  • Greece's Finance Minister Euclid Tsakalotos attends a government cabinet meeting in Athens, Tuesday, May 10, 2016. European finance ministers on Monday debated for the first time measures to ease Greece's massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks. (AP Photo/Thanassis Stavrakis)

    Greece's Finance Minister Euclid Tsakalotos attends a government cabinet meeting in Athens, Tuesday, May 10, 2016. European finance ministers on Monday debated for the first time measures to ease Greece's massive debt burden amid concern the International Monetary Fund might withdraw from the bailout talks. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

  • A woman exits the 2,500-year-old Parthenon temple on the Athenian Acropolis, on Monday, May 9, 2016. European finance ministers are trying to break a deadlock over whether to provide Greece with the next batch of bailout loans, which it needs to avoid bankruptcy this year, and forgive some of its debts. (AP Photo/Thanassis Stavrakis)

    A woman exits the 2,500-year-old Parthenon temple on the Athenian Acropolis, on Monday, May 9, 2016. European finance ministers are trying to break a deadlock over whether to provide Greece with the next batch of bailout loans, which it needs to avoid bankruptcy this year, and forgive some of its debts. (AP Photo/Thanassis Stavrakis)  (The Associated Press)

Greece's government borrowing rates have dropped to their lowest level in nearly six months as investors welcomed the start of talks between Athens and bailout creditors on how to lighten the country's debt load.

The yield on Greece's 10-year bonds dipped to 7.69 percent, the lowest of the year, while shares on the Athens Stock Exchange were up 2.7 percent in late trading Tuesday amid gains across Europe.

Eurozone finance ministers on Monday formally launched debt relief talks with Greece after the country's parliament approved another major package of austerity measures.

In Brussels, Commission spokeswoman Annika Breidthardt said the European Union's executive branch would offer "technical expertise" to help the debt talks and conclude a long-delayed review of Greece's bailout program.