UPDATE: Greece Offers Debt-Talk Compromises

(Updated - February 10, 2015 7:23 AM EST)

Greece offered compromises ahead of tomorrow's emergency meeting with creditors.

Bloomberg noted Tuesday that Greece's finance minister, Yanis Varoufakis, said he does not intend to tear up the existing bailout agreement or allow the budget to be derailed.

Greece will implement about 70 percent of reforms that have already been established under the country's current bailout agreement, Varoufakis comments.

Yield on Greek bonds fell 3.3 basis points to 10.4 percent, while the Athens Stock Exchange rose 1.8 percent in afternoon trading, local time.

While Greece's debt stands at about €320 billion, which is 175 percent of GDP, some analysts see the need for about €100 billion to be cancelled for the load to be manageable.

Futures jumped following the headlines, with the S&P, DJIA, and Nasdaq now indicated to open green.

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