In Italy, the government was easily able to borrow $4 billion to pay for spending over the next three years. And the head of the European Central Bank says it is evidence that the new European bailout is paying off.
Leaders usually like to start the year with optimism, but Angela Merkel and others are finding it hard to see the bright side to the current situation in Europe.
What do you do when faced with a debt crisis? Get thrifty or look the other way? Take our quiz to find out which eurozone nation best matches your personality.
European leaders met for yet another time, this time striking a deal that would allow the European Commission to oversee budgets and fine countries for getting into too much debt. But it won't solve the major eurozone issues.