As better news emerges on a Euro deal, we are back into positive territory.
The FTSE 100 is up 30 points at 5,884, after a plan emerged that would see existing loans from the European Financial Stability Facility would be extended from 7.5 years to at least 15 years, and the effective interest rate would fall to 3.5%.
Barclays and Royal Bank of Scotland are leading the way, up 5% and 4.4% respectively.
The FTSE 250 is still down - by 15 points at 11,686.
US stock market futures pointed to a positive start for the Dow Jones when it opens shortly, with expectations of a 73 point rise.
