Recent turmoil in global markets is partly due to worries over Europe's debt crisis. Elections scheduled in France and Greece add to the uncertainty.

There are some economic headwinds blowing strong right now. And one of them is coming from Spain where a disappointing bond auction yesterday sent government borrowing costs to a 5 month high and renewed fears about the European Debt Crisis.

European finance ministers are meeting in Denmark today. They're reportedly adding $670 billion to their bailout fund. Ministers have been trying to figure out how big of a financial bazooka they need to defend Europe from speculators.

Treasury Secretary Tim Geithner testifies on Capitol Hill Tuesday about the European Debt crisis, urging European countries to avoid 'draconian' budget cuts that could make matters worse.

Lucas Papademos says the majority of Greeks are knuckling down to the agreed budget cuts and economic reforms as the country's second financial bailout sets in.

Ireland is tackling its debt crisis with a harsh program of austerity measures. The Irish are not rioting, as the Greeks did, but they are hurting.

If Greece will soon be out of the woods, at least temporarily, other European nations are still at risk of financial collapse.

After 15 years of the "Celtic Tiger," Ireland has faced rough financial times in recent years. But can Greece and other European countries learn a thing or two from its experience?

Greek leaders have agreed on a new austerity plan. What will the ripples be throughout the rest of the European economy?

German Chancellor Angela Merkel ends her trip to China today. Chinese leaders don't promise Europe any specific help to resolve its debt crisis.