The Euro and European Shares Advance on ECB

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Source: Reuters
On Wednesday, a European Central Bank policymaker said that there were reasons for issuing a banking license for Europe's permanent rescue fund, that would let them acquire unlimited ECB loans. The comment has boosted demand for the Euro which jumped to $1.2115. The FTSE Eurofirst .FTEU3 index lifted 0.1% at 1,019.52 points.In meantime EU officials report that Greece is unlikely to meet the terms of the bailout.
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Wed, 25 Jul 2012 14:30:38 GMT

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