German Chancellor Angela Merkel and French President Nicolas Sarkozy on Sunday said a comprehensive response to the debt crisis would be finalized by the end of the month, including a detailed plan to ensure European banks have adequate capital. Stock markets welcomed the announcement, even though it offered little in the way of specifics.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Monday, October 10, 2011
Stocks Gain After Sarkozy, Merkel Vow Debt Action
Stock markets in Europe and Asia perked up Monday after a weekend meeting of the leaders of France and Germany provided a promise of action on Europe's debt crisis.Oil prices rose above $84 a barrel while the dollar slipped against the euro and the yen.
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