Europe shares record biggest weekly gain since 2008

By REUTERS
December 2, 2011 20:53

LONDON - European shares rose on Friday, recording their biggest percentage weekly gain since late 2008 on hopes euro zone leaders were coming together to find a solution to the debt crisis.

The STOXX Europe 600 Banking Index rose 4.3 percent after French President Nicolas Sarkozy said he and German Chancellor Angela Merkel would put forward joint proposals to achieve greater fiscal integration in Europe and support countries in difficulty.


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