Economist Mario Monti, Italy's Prime Minister to be, today began talks of forming a new parliament. Monti will have to find a way for big reforms to be passed through the interim government. Meanwhile, Greece has a new interim government already in place. And both countries - along with others across Europe - are trying to tackle big debt problems.
German chancellor Angela Merkel today called the crisis "maybe Europe's most difficult hours since World War II." Germany is the biggest economyin Europe, and it pays the most money in loans to those other troubled countries. But critics say the country could do more to help its neighbors in need. Listen to the interview with the BBC's Chris Morris in Berlin.