By and  on December 9, 2011

Europe’s stock markets posted strong gains today as European Unionleaders — with the exception of British prime minister David Cameron —agreed to a tighter, stricter fiscal union to protect the long-termprospects of the euro.

The FSTE MIB in Milan rose 3.4 percent to15,483.91 while the CAC 40 in Paris gained 2.5 percent to 3,172.35. TheDAX in Frankfurt climbed 1.9 percent to 5,986.71 while the FTSE 100 inLondon edged up 0.8 percent to 5,529.21.

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