In his remarks yesterday, the European Central Bank's Mario Draghi compared the evolution of the euro to that of a bumblebee. Entomologists say that's a confusing metaphor.

Investors had been hoping that ECB President Mario Draghi would unveil something big to help solve the European debt crisis. Instead, Draghi offered only vague commitments.

In Frankfurt, the head of the European Central Bank Mario Draghi held a press conference. Everyone was waiting to see whether Draghi would announce new stimulus measures, after saying last week that he'd do whatever it takes to save the euro.

The head of the European Central Bank, Mario Draghi, is holding a press conference right now in Frankfurt. And global markets are hanging on his every word. That's because he said last week he'll do whatever it takes to save the euro, and today is the day we find out what that means.

U.S. Treasury Secretary Tim Geithner is in Europe today. He's got meetings with Mario Draghi, the ECB president, and Germany's finance minister.

What can the European Central Bank really do to help the euro and what obstacles might be in its way?

The European Commission, the European Central Bank, and the IMF began meetings in Greece today — they'd like to know what structural reform progress has been made in return for billions in bailout money.

Spain's borrowing costs are up to 7.5 percent — the higest since it joined the euro. As a result of the regional crisis, Moody's announced today that it is poised to lower Germany's credit rating to AA.

New fears of a Spanish recession despite bailout measures are shaking global markets today as the threat of Greece's economic crisis still looms large in the region.