There is good educational info at the Options Industry Council web site ( click here) and almost all discount brokers will require you to fill out paperwork and pass certain experience and capital requirements before they will let you go hog wild with options.
There is chatter in the markets about the ECB stepping in to "fill in" for the EFSF, while the governments pass the legislation needed to turn it into that "European Monetary Fund" which President Sarkozy promised last month.