European leaders have settled on a new way to bail out banks. The structure will allow the EU to prop up troubled banks directly. It's the kind of change Spain, Italy and other struggling eurozone countries were looking for.
As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
People in northern Italy are still dealing with the aftermath of the earthquake this week that killed seven. It struck hardest in some of Italy's richest farmland and ten percent of the world's supply of Parmesan has been affected.