The sharp rise of European stock markets is a result of

[9] European stock markets have risen sharply after the announcement of a one-trillion-dollar international financial package aimed at defending the euro and stopping the debt crisis in Greece from spreading. There’ve been fears the crisis could spread to other European economies.
    European stock markets have made large gains, 9% in the case of Paris. Bank shares have risen especially strongly. the European deal to provide loans to Europe countries if they need them is seemed as reducing the risk of those governments defaulting on their debts. [10] The euro has also gained an interest rate on the debts of governments such as Greece and Portugal have fallen. The central banks began to buy those debts in the markets. There’s also been an impact outside Europe, where there have been concerns about wider economic effects.
    Share prices in the United States have also recovered strongly following the announcement of the package to defend the euro. The Dow Jones Index closed up nearly 4% on Monday following heavy losses last week.