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Markets buoyed by euro crisis resolution hopes

  • Listed: December 5, 2011 5:52 pm

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LONDON — Markets rallied further Monday on hopes that Europe’s leaders will agree on a plan to restore long-term confidence in the euro, saving it from collapse and averting global economic chaos. German Chancellor Angela Merkel and French President Nicolas Sarkozy appeared to have made headway in a meeting in Paris Monday. In a joint news conference, the two said they were looking to enshrine new euro rules in a new treaty, including sanctions against countries that have higher than…

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