A glance at European share prices this morning may lead one to think, "eh, not so bad."...

|By:, SA News Editor

A glance at European share prices this morning may lead one to think, "eh, not so bad." Actually, it is, as the effectiveness of government interventions can now be measured in minutes. Flat now, Italy and Spain were up close to 4% earlier following the latest ECB maneuver. Stoxx 50, +2.2% early, now -1%.