European finance ministers are meeting in Brussels today, and at the top of their agenda is Cyprus. The small Mediterranean island nation, which has 850,000 people, is in desperate need of a bailout.

The European debt crisis has calmed down a lot in the past few months, but elections in Italy have ended in deadlock and uncertainty is back.

A look at America's debt and deficit trouble through the lens of European economic standards.

World leaders will be all ears tomorrow when British Prime Minister David Cameron makes a high-stakes speech on the European Union. He is expected to talk about potential new terms for Britain's EU membership, which could have impacts around the globe.