One of the world's largest aluminum producers, Alcoa, announced its first quarterly loss since 2009, blaming problems on the European debt crisis.

In Berlin today, German Chancellor Angela Merkel and French president Nicolas Sarkozy meet for the first time this new year to talk about European debt, and treaties to allow for more budget control of eurozone nations.

In the face of the euro crisis, so many investors are desperate for a safe place to park money, they're paying the German government to hold onto their cash.

In Europe, some countries in the north are doing well while in southern countries like Italy and Spain, unemployment is skyrocketing.