European shares climb as Germany backs ECB bond buying plan

Luxembourg's Prime Minister, Jean-Claude Juncker, head of the group of euro-area finance ministers, is due to visit Athens tomorrow to meet Greek Prime Minister Antonis Samaras, where he is expected to request a two-year extension to the country's fiscal-adjustment program. Germany's director at the European Central Bank, Jörg Asmussen is also backing bank president Mario Draghi's bond rescue plan involving large scale purchases of Spanish and Italian debt to prevent the disintegration of the euro. The French Cac was up 0.77% to 3,508 in early trading, the EuroStoxx 50 climbed 0.86%, ...