World markets rallied after the eurozone's central bank pledge funds to lower debt-ridden countries' borrowing costs.
- FTSE 100 Index rose more than 1% or 66 points at 5723.7
- Dow Jones Industrial Average in the US was ahead 1.1%
European markets were more bullish:
- Germany's Dax and France's Cac-40 up nearly 2%
- France's Cac-40 up nearly 2%
Mario Draghi has proposed a means of tackling the immediate problem in Europe but it’s up to politicians to come up with long term solutions
It is not the ‘big bazooka’ that David Cameron has been urging them to unleash, but it’s the heaviest calibre ammunition deployed so far.