Euro Disney hopes

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Shares in Euro Disney climbed 65p to end the week at 415p as a solution to the Paris theme park company's pounds 2.5bn problems came a step closer.

On Thursday, the park's 10 main creditor banks finally formed a steering committee to co-ordinate their efforts. The step has been demanded by Euro Disney and its Californian parent, Walt Disney, ever since it became evident that Euro Disney needed restructuring. 'This gives us a forum for discussion amongst ourselves and a channel of communication with Disney,' said one banker.