European shares gain back nearly all (and in some countries more) of yesterday's sharp sell-off...
Friday, August 3, 2012, 7:13 AM ETEuropean shares gain back nearly all (and in some countries more) of yesterday's sharp sell-off as the implications of yesterday's ECB meeting become clear. Yes, there was no immediate candy, but the EU is not the U.S. and the ECB is not the Fed. These things take time, and action is coming. Draghi: "Over the coming weeks, we will design the appropriate modalities for such policy measures."
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