Stock indices traded higher on hopes for a deal between Athens and its creditors. News reported that Greek Prime Minister Alexis Tsipras said that the Greek government provided a proposal for a "mutually beneficial deal".

European Council President Donald Tusk called the Eurozone leaders' meeting for Monday at 17:00 GMT in Brussels last week. "It is time to urgently discuss the situation of Greece at the highest political level," he said.

European Union (EU) Economic Commissioner Pierre Moscovici said on Monday that he was "convinced" a deal will be reached.

The Eurogroup's meeting is scheduled to be at 10:30 GMT, while the Eurozone leaders' meeting is scheduled to be at 17:00 GMT.

European Commission President Jean-Claude Juncker said on Monday that progress has been made in the debt talks between Greece and its creditors over the weekend, but he is sceptical if a deal will be reached today.

"I don't know if we will have an agreement today," he noted.

Current figures:

Name Price Change Change %

FTSE 100 6,797.34 +86.89 +1.29 %

DAX 11,390.21 +350.11 +3.17 %

CAC 40 4,968.01 +152.64 +3.17 %