Germany

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.

Spain's borrowing costs are up to 7.5 percent -- the higest since it joined the euro. As a result of the regional crisis, Moody's announced today that it is poised to lower Germany's credit rating to AA.

Moody's Investors Service has lowered the outlook for the credit ratings of three of Europe's strongest economies: Luxembourg, the Netherlands and Germany. It's part of a busy day in Europe that has investors on-edge -- markets there are barely moving.

Many European economies are begging for Germany to share its wealth with them. Where did the German culture of frugality come from?

German's seem to be the responsible, hard working sibling in the European Union, but they know when to relax.

As economic instability in the eurozone continues, some Germans are starting to weigh the benefits and burdens of staying with the euro. Would life be dandier with the Deutschmark?

It appears European leaders have come up with an agreement to ease the debt crisis -- somewhat. And the deal rests on Germany compromising on how bailout money is used.

Germany will battle Greece in the quarterfinals of the European Football Championship. What kind of tensions might play out during the game?

Looking ahead at what's to come for other eurozone countries and what's happening at the G20 summit.