Euro shares hit 1-week high

European shares hit a one-week high on positive U.S. consumer confidence data and hopes policymakers will make progress to contain euro zone debt crisis.
Euro zone ministers approved next installment of Greece's bailout loan of USD10.7 billion to prevent debts crisis from spreading to other nations.
Standard & Poor’s could cut its France’s AAA rating outlook within days, while Moody’s said it could downgrade the subordinated debt
of 87 banks across 15 countries on fears that governments will not be able to bail them out.