European equities rose on Friday, briefly testing last week's 14-month highs, as banking shares were lifted by speculation Spain was moving towards a bailout request.
Praise all around for Mario Draghi and his ECB's bold strategy of "conditional" bond buying across the euro zone, if and when deemed necessary. "This is the big game changer", insists Polish finance minister Jacev rostowski, echoing what virtually all of his colleagues both inside and out of the EU have voiced over these past weeks.
European shares closed lower Thursday, hurt by a disappointing business activity report and amid ongoing worries over global growth.