Euro and shares rise after Irish rescue deal

European shares and the euro have both risen in value, as markets welcomed the bail-out for the Irish Republic.


Following Sunday's deal, the UK's FTSE index was up 0.8%, while Germany's Dax had added 0.7%, and the euro strengthened to $1.376.

The exact amount and terms of the European Union-led package will be negotiated in the coming days.

Irish Finance Minister Brian Lenihan said his government would be getting less than 100bn euros ($136bn; £85bn).

The UK and Sweden have also offered direct loans.