(ANSA) - MILAN, MARCH 16 - The European stock exchanges closed sharply higher, having appreciated the pragmatism of the ECB and are looking with confidence at the interventions of governments and central banks to limit banking crises.
Paris closed up 2.03%, Frankfurt up 1.57% and London up 0.89% on the heels of the SNB's backing of Credit Suisse, which benefited from a 50 billion franc credit line, and rumors about an intervention by major American banks in defense of the First Republic Bank and the reassurances on the solidity of the European banking system arrived from the ECB, which raised rates by 50 basis points but conditioned future further increases by the trend of macro data.
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