Greece PM Papandreou may or may not resign. There was an important meeting of exalted muckety-mucks scheduled but it was cancelled after much confused running around. Sarkyois getting all huffy about Greece refusing to be good serfs and take on onerous crushing debt for decades for the betterment of the bankster/gangster elite.
Credit Writedowns sums it up well with Euro Zone Race to the Bottom.
All of this may and probably will change multiple times throughout the day.