Stocks soar after Merkel, Sarkozy promise a ‘comprehensive response’ to European debt crisis

NEW YORK — Stocks rose sharply in the U.S. and Europe Monday after French and German leaders promised to strengthen European banks. The Dow Jones industrial average jumped 275 points, led by Bank of America. The euro rose against the dollar.

German Chancellor Angela Merkel and French President Nicolas Sarkozy said they would finalize a "comprehensive response" to the debt crisis by the end of the month, including a plan to make sure that banks have adequate capital.

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Jon Cohen 11 Oct, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=05bc556f654b9f5d3bea526c341830e1
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