The European Central Bank (ECB) has cut interest rates to a record low of 0.5 percent. But how much stimulus can the ECB really provide?

Two European countries have come out with very different ways to tackle their economic problems.

Enrico Letta, of the center-left Democratic Party, has announced that he intends to fight the move towards austerity in Europe, and investors applauded.

Linked by a common currency, the countries in the euro zone are roped together like climbers scaling a cliff face. If one or more loses their footing, the rest could come crashing down.

Greeks fed up with their country's economic woes see a quick fix — Germany stumping up more than $200 billion in further reparations for World War II aggression. Germans are unimpressed.

Europe's debt crisis started in Greece. Now, residents in the tiny countries of Luxembourg, Slovenia and Malta are worried they're the next stop.

Banks are open for the second day in Cyprus after two weeks of closure. From the outside, things appear to be calm. The President of Cyprus said this morning that the country will not leave the euro.

As Cyprus reopens banks but attaches capital and cash limits, we look at how such restrictions would affect American businesses and individuals if imposed here.

Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.

The recent crisis in Cyprus threw the spotlight on its reputation as a haven for money launderers. Now, some dodgy investors with money its banks have taken a hit. Where can they turn now to shelter their ill-gotten goods?