If the euro collapses, Britain's economy could shrink by up to 8 percent. That could have a big effect on the country's defense spending.

The European Union was once the hottest international club around. Does its debt crisis and infighting make less appealing to those who have waited years to gain admission?

Marketplace foreign editor John Buckley discusses how Cameron's rejection of Europe's plan has helped his party in the polls.

The euro fell to $1.29 today, its lowest since January. Experts say it's a sign Europe is still hurting, despite last week's proposed treaty to crack down on budgets.

The deal European leaders struck for greater fiscal unity could also stunt growth in the long-term.

Britain was the only EU member not to agree to the new treaty signed last week. How will that affect relations going forward?

Most of the leaders of Europe agreed to a deal on Friday to help solve the crisis there. But will austerity measures also stunt growth?

Britain emerged from last week's European summit refusing to make a deal with the rest of Europe. Many Brits are happy with the choice, but others fear the long-term consequences.

The United Kingdom walked away from an agreement with the rest of Europe to adhere to more fiscal scrutiny. The country's prime minister says the decision was to protect the financial sector of the country.