Merkozy, Italian austerity and possibly hopes of ECB backstopping help EU shares close up across...

|By:, SA News Editor
Merkozy, Italian austerity and possibly hopes of ECB backstopping help EU shares close up across the board. Euro STOXX 50 +1.15%, London +0.3%, Paris +1.1%, Frankfurt +0.4%, Milan +2.9%, Madrid +1.7%.