The European Central Bank yesterday printed $640 billion worth of euros, almost the same amount of money as the TARP program used by the U.S. government during the financial crisis in 2008.
Mariano Rajoy has been elected the new prime minister in Spain, and he will soon have to find solutions to the country's dire debt and unemployment problems.
A vote today in Italy passes a round of austerity measures suggested by newly appointed Prime Minister Mario Monti. But is it enough to make a dent in the problem?