Shares in European banks have increased after the reaction of investors to stabilize the debt crisis in the euro area.

European bank shares rise

Shares in European banks have increased after the reaction of investors to stabilize the debt crisis in the euro area.

In French and German banks, the shares were above 10%. In fact what led more were reports of a rescue package of measures after the IMF meeting last week in Washington, where finance ministers attending the G20.

These measures are expected to peëgjysmojnë Greek government debt, increase to 2 billion euro European Financial Stability Fund and strengthen the large European banks may be hit by the grace of the debts.

However, as AFP reports the German Minister of Finance, Vol Wolfgang Schaeuble said he has no plans to increase the size of the European Financial Stability Fund.

European governments hope that these measures are formulated for five or six weeks, at the right moment before the meeting of G20 leaders in Cannes, expected in early November.

However, EU officials in Brussels note that these measures should not be seen as the only big plan. Uncertainty to withstand debts led to the value of shares in European banks recent months amid concerns that they possess the Greek debt....... Read more