"The European summit has given a very precious chance to Italy and Spain"
- Theodore Krintas, managing director of Attica Wealth Management
European stocks jumped on Friday after European leaders eased loan conditions for Spanish banks and unveiled a growth plan for the region's economy.
The Stoxx Europe 600 Index rose 2.66 per cent to 251.17. Germany's DAX Index gained 4.33 per cent and France's CAC 40 Index advanced 4.75 per cent.
"The European summit has given a very precious chance to Italy and Spain," said Theodore Krintas, managing director of Attica Wealth Management.
"They're addressing directly the needs of both countries to reduce their funding costs. They will be addressing all other banking unification issues in a very short period of time. By European standards, this is a quick move."
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