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European shares, euro gain as Greek fears ease
European stocks rose for a third straight session on Monday and the euro edged up, as Greek polls showed growing support for pro-bailout parties.
May 28, 2012
(REUTERS) LONDON - European stocks rose for a third straight session on Monday and the euro edged up, as Greek polls showed growing support for pro-bailout parties, yet Spain's debt yields hit a record high as the government worked on plan to fund troubled lender Bankia.
Global share markets, commodities and the euro were all recovering from sharp falls last week, when investors fled to the safety of the U.S. dollar on mounting concerns about Greece, Spain's banking sector, and a lack of immediate policy responses from European leaders.
