European finance ministers struck a major new deal over their debt crisis. They agreed that the European Central Bank -- Europe’s equivalent of the Fed -- should take over the supervision of the continent’s biggest banks.
The European Central Bank is set to go on a bond-buying spree in an effort to save the euro and stem the debt crisis. But how does it work? It helps to think about candy.
A survey out this morning shows that manufacturing in the eurozone has fallen for the 13th straight month -- not a great start to what will be a big week for the European Debt Crisis. On Thursday, the head of the European Central Bank, Mario Draghi, is expected to tell us what he meant when he said he'll do "whatever it takes" to save the euro.