European shares close sharply lower after the ECB cuts rates, but disappoints those hoping for...

|By:, SA News Editor

European shares close sharply lower after the ECB cuts rates, but disappoints those hoping for bolder action, and ahead of a 2 day summit of EU leaders just getting underway. Stoxx 50 -2.3%, Germany -2%, France -2,4%, Italy -4.3%, Spain -2.1%, U.K. -1%. Euro -0.8% at $1.3309.