As we mentioned earlier, it’s been a wild day already in Europe, as markets are going split-personality amid a slew of headlines in Europe.
The basic gist: Everything plunged in the early going, but things have staged a major reversal. Basically, it looks like Greek PM George Papandreou is toast, and thus his referendum plan may be DOA.
Here are a few charts, via Bloomberg, to give you a sense of what’s going on.
EURO STOXX 600 INDEX
Italian-German 10-Year YIeld Spread