It better be more than a quarter point cut on Thursday, writes Ambrose Evans-Pritchard of the...

|By:, SA News Editor

It better be more than a quarter point cut on Thursday, writes Ambrose Evans-Pritchard of the ECB policy meeting after Mario Draghi "promised the moon." European markets are up 8% or more since Draghi's comments on Thursday. A failure to deliver on his pledge could be a disaster.