German chancellor Angela Merkel is in China this week, telling Chinese leaders that European Union plans to solve its debt crisis can work.

European leaders have agreed on the details of a new treaty that requires countries to balance their budgets and limit their deficits. It's a long-term solution to the continent's debt troubles.

Indeed, European leaders are meeting once again to discuss the European Union debt crisis, but there will also be talk of economic growth and job creation.

At yet another summit of European leaders, worries about Greece are coming back to the forefront.

As the risk of Greece defaulting continues to be a threat, we can look to AIG as a warning.

In Greece, where negotiations are underway with international banks in an effort to reduce the country's debt. Greece has to make a deal in order to get another round of bailout cash and prevent a messy default.

A deal might be drawing near to reducing Greece's debt, and hopefully avoid further crisis in the eurozone.

The euro has much support in beleaguered Greece and Italy, but in Germany — the eurozone’s strongest economy — many wonder if it’s worth the cost.

Countries like France and Austria lost their AAA rating in the last Standard & Poor's downgrade — so why are the markets relatively flat today?

Right after Wall Street closed on Friday, the ratings agency Standard and Poor's downgraded the credit ratings of nine European countries. France and Austria lost their prized AAA credit ratings.