City capital markets partners are optimistic that last week's €109bn (£96bn) Greek bailout will help increase deal activity in Europe's markets.

The package, agreed little more than a year after an initial bailout last May, saw the heads of 17 eurozone governments agree a funding package that will also see private lenders asked to contribute, as well as including measures to cut debt interest rates for Greece, Ireland and Portugal.

Partners expect that the bailout, which also includes options to extend Greece's repayment terms, will have a positive impact on debt capital markets (DCM) activity where volumes have been severely impacted by economic uncertainty in the eurozone.