What exactly is a Eurobond and why are so many people interested in having them? Sr. Producer Paddy Hirsch explains with a little help from the three little pigs.
European leaders come together in Brussels tomorrow to allegedly collaborate on the EU's debt problems. But this morning it's shaping up more like a stand-off — Germany and Italy, in particular, are staking out opposite ends of some key issues.
It used to be a pipe dream of some European officials just a year ago. Now, German Chancellor Angela Merkel is pushing for a central authority to regulate all the finances of countries that use the euro.
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.
The Organization for Economic Cooperation and Development warns the eurozone nations of severe recession risk, and calls on the European Central Bank to step in to stem the crisis.
European countries agree to a deal on balanced budgets and debt reduction. A unanimous vote wasn't reached, but the BBC's Andrew Walker says investors already had limited expectations.
