European shares - rallying because of a rumored expansion of the EFSF into a €TARP - roll...

|By:, SA News Editor

European shares - rallying because of a rumored expansion of the EFSF into a €TARP - roll right through a statement by an official from the German Finance Ministry that finmin Schaeuble told the Cabinet the EFSF will not be expanded (reported by Reuters). Stoxx 50 +3.8%.