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Global Markets Update: IAG Gets BMI for $270 Million

Thursday, 22 Dec 2011 | 6:15 AM ET

Europe is up a day after the ECB's 3-year LTRO. Banks lead the euro zone rally even though funding concerns remain. Italy's Mario Monti faces a final vote on austerity today. The euro is slightly up against the dollar. IAG secures $270 million BMI deal with Lufthansa, mostly for landing slots at Heathrow Airport.