Has Tsipras agreed to accept all bailout conditions?

The defiant Tsipras that left negotiations with the European Union (EU) on Friday to seek referendum from his people on the bailout conditions might have buckled under pressure. 

According to a report in the Financial Times, Alexis Tsipras, prime minister, Greece, has sent a letter to Greece's creditors. The two-paged letter states that the country is ready to accept all conditions with a few minor changes. 

FT said that it obtained the letter which was sent late night Tuesday. 

The paper said, "The two-page letter, sent to the heads of the European Commission, International Monetary Fund and European Central Bank, elaborates on Tuesday's surprise request for an extension of Greece's now-expired bailout and for a new, third €29.1bn rescue."

FT said that Tsipras has asked creditors to provide a 'solidarity grant' to poor pensioners and the change in retirement age to 67 by 2022 to begin in four months time. 

The European stock markets have reacted immediately to the news. 

Britain's FTSE rallied over 1.5%, France's CAC and Germany's DAX shot up over 2% each after FT published the story.