European leaders come together in Brussels tomorrow to allegedly collaborate on the EU's debt problems. But this morning it's shaping up more like a stand-off -- Germany and Italy, in particular, are staking out opposite ends of some key issues.

It used to be a pipe dream of some European officials just a year ago. Now, German Chancellor Angela Merkel is pushing for a central authority to regulate all the finances of countries that use the euro.

The Organization for Economic Cooperation and Development warns the eurozone nations of severe recession risk, and calls on the European Central Bank to step in to stem the crisis.

The normally prosaic process in which European governments borrow money has become a daily test of their economic health.