European shares are staging a tepid rally (Stoxx 50 +0.6%) in the wake of news Merkozy is...

|By:, SA News Editor

European shares are staging a tepid rally (Stoxx 50 +0.6%) in the wake of news Merkozy is planning a plan and the Dexia nationalization, but the euro is romping, +1.5% vs. the dollar to $1.3575. The greenback is sharply lower against nearly all of the major currencies, the dollar index -1.2%.