European Debt Crisis

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.

Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.

What might an American audience appreciate about the news in Paris right now, and what's on everybody's mind in France?

It's a gray day in Dublin, as the Irish vote on the European Union's fiscal stability treaty. Will a yes vote really solve Ireland's problems?

Today, Ireland is holding a referendum on whether to ratify Europe's new fiscal discipline pact. A vote against the treaty would challenge German-backed austerity measures.

Spain now pays more than 6.6 percent on its 10-year bonds. The U.S. pays just over 1.6 percent. Eurozone debt, however, may yet hurt both sides of the Atlantic.

The big story in Brussels, as it has been for the last two years, is the eurozone crisis. So is any progress being made?

With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.

The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.

Although Spanish culture frowns upon talking about money, a financial crisis there is teaching everyone a little more about economics.