European Debt Crisis

Two ex-pats living in the U.K. discuss the jobs picture abroad.

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.

Europe's politicians are back at work after long summer vacations, but the economic woes that beset the continent then are now back in the headlines.

Several countries in the eurozone are preparing to borrow by selling bonds. Each nation in the bloc is becoming more wary of buying the debt of its neighbors.

Marketplace's Stephen Beard says September is going to hold some big questions. Will the European Central Bank put together its rescue plan? Will Greece get its next chunk of money to allow it to stay in the euro?

French President Francois Hollande travels to Berlin today to meet with German Chancellor Angela Merkel. That comes a day after Greek prime minister Antonis Samaras asked for more time to get Greece's fiscal house in order. In fact, over the next few days, Europe's skies will be full of dignitaries crisscrossing the continent trying to find a solution to the ongoing debt crisis.

Happiness is relative in Europe these days: Investors are cheering news the euro area's top economies did not turn in the abysmal results many had expected. Instead, things are just "garden-variety" bad.

The Bank of England forecasts this morning the U.K. economy will not grow at all in the coming quarter. Across the channel, the French central bank says the euro's second-largest economy is headed for its own recession. And Germany's being infected by all this through its exports, which fell in June.