Europe debt crisis

In Brussels this evening, leaders from euro zone nations are meeting in a casual setting to discuss and formulate policy solutions to the European debt crisis ahead of a formal summit.

Depositors into European banks have their money protected, as here in the U.S., but the risk is not just that the bank might collapse, the currency might.

The G8 summit of the world's richest industrialized nation's gets underway this evening at Camp David in Maryland. German Chancellor Angela Merkel could be the center of attention. She's under pressure to get behind stimulus programs for Europe.

Each year, high school freshmen and sophomores take part in the Euro Challenge, a competition to solve the eurozone's economic woes.

Francois Hollande was sworn in today and promptly headed for Berlin to meet German Leader Angela Merkel for the first time. The two power players in European politics have very different ideas about how to tackle the European financial mess.

As the possibility rises of Greece leaving the eurozone, borrowing costs are shooting higher in countries like Spain and Italy.

New elections in Greece could upend the promises the country made to cut budgets in return for bailout money, and lead to Greece leaving the eurozone. Journalist George Christides says the Greek people might not be aware of the consequences.

The prospect of a new round of elections in Greece is boosting the chances of the country's exit from the euro.

The Portuguese government announced plans to abolish four national holiday to help ease that country's debt crisis.

If, as expected, socialist Francois Hollande is elected the next president of France this weekend, to what extent will budget realities crimp his ability to ease off the austerity that he believes is hurting the economy?