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Bank shares rally on hopes of eurozone debt deal

European bank shares have risen as investors react to the latest attempts to stabilise the eurozone debt crisis.

German Chancellor Angela Merkel will hold talks with Greek Prime Minister George Papandreou on Tuesday.

Ms Merkel has warned that if Greece is allowed to default investor confidence in the eurozone would be shattered.

European governments hope to have measures agreed in five to six weeks, in time for a meeting of the leaders of the G20 group in Cannes at the beginning of November.

Daniel Griffiths reports.