Businessmen walk past a betting shop in the business district of Madrid, Thursday Oct. 27, 2011. European stock markets shot higher Thursday as investors waded into riskier assets, emboldened by EU ... more 
Businessmen walk past a betting shop in the business district of Madrid, Thursday Oct. 27, 2011. European stock markets shot higher Thursday as investors waded into riskier assets, emboldened by EU leaders' pre-dawn agreement to slash Greece's massive debts. In addition, the 440 billion euro European Financial Stability Facility will be used to insure part of the losses on the debt of wobbly countries like Italy and Spain, rendering its firepower equivalent to around one trillion euro ($1.4 trillion). (AP Photo/Paul White) less 
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Associated Press | Photo By Paul White
Thu, Oct 27, 2011 7:15 AM EDT