REFILE-European shares rise as Greek talks make progress; Athens index surges
(Fixes typo in headline; no change to text.)
* FTSEurofirst 300 ends up 2.4 pct, volatility sinks
* Greek shares up 9 pct, Greek banks up 20.8 pct
* Telecoms outperform after Bouygues approach
By Atul Prakash and Lionel Laurent
LONDON, June 22 (Reuters) - European shares surged to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors.
The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom reignited hopes for more corporate deals.
Greek stocks climbed 9 percent, with local banking shares jumping nearly 21 percent. Investors have been nervous that deposit outflows may prompt capital controls.
"It's a relief rally, but it has got a long way to unfold. There is a 75 percent chance that it will be sorted out and Greece will remain in the euro zone," Nick Lyster, European CEO of Principal Global Investors Europe, said. Continuación...