However, markets pared back on gains later, as the measures are by no means a permanent solution to the European debt crisis.
The DAX ended up 2.98%, the CAC up 3.27%, the FTSE MIB up 3.56%, and the IBEX 35 closed up 3.63%.
French banks — whose funding situations have caused trepidation of late — marked a big day. SocGen was up 4.08%, BNP Paribas ended positive 11.73%, and Credit Agricole rose 5.04%.
The biggest black mark on the day came from UBS, which fell 10.38%. But who can be surprised there?
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