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European Stocks Rally on Greek Support, ECB Liquidity Measures

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European stocks rallied as Germany and France said Greece will remain a member of the euro and the European Central Bank announced coordinated measures with the Federal Reserve to ensure banks have enough dollars.

BNP Paribas SA and Credit Agricole SA led a surge in financial shares after the ECB said it will lend the U.S. currency to euro-area banks. Hennes & Mauritz AB rallied 7.1 percent as the retailer’s sales topped analyst estimates. UBS AG slid 11 percent, the most since March 2009, after Switzerland’s biggest bank announced a $2 billion trading loss.