Reuters : Stocks, euro inch up on debt deal hopes - Asian shares and the euro edged up on Monday after the leaders of France and Germany pledged to unveil a comprehensive plan to solve the euro zone's two-year-old sovereign debt crisis by the end of the month.

(Reuters) - Asian shares and the euro edged up on Monday after the leaders of France and Germany pledged to unveil a comprehensive plan to solve the euro zone's two-year-old sovereign debt crisis by the end of the month.

European policymakers have been under pressure from volatile financial markets, amid fears that the crisis is heading inexorably toward a default by Greece -- and perhaps others -- that could unleash turmoil in the banking system.

German Chancellor Angela Merkel and French President Nicolas Sarkozy said after talks in Berlin on Sunday that their goal was to come up with a sustainable answer for Greece's woes, agree how to recapitalise European banks and present a plan for accelerating economic coordination in the euro zone by a G20 summit in Cannes on November 3-4.
http://www.reuters.com/article/2011/10/10/us-markets-global-idUSTRE77L0AE20111010