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Courtney Raio
18 oct, 2011 | 04:53 PM
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Markets closed higher today on reports from The Guardian, a UK newspaper, that French and German officials have reached a deal that will increase the European Financial Stability Fund (EFSF) by €2 trillion and recapitalize European banks to 9% capital ratios. The story lacked details on funding or structure of the plan, but the deal is expected to be finalized at the summit of Euro-zone leaders this weekend. ...