This weekend Greece will hold crucial elections that may determine its future in the eurozone. The results will test global markets and Germany's pro-austerity resolve.
The Group of 20 top economic powers meets this weekend to discuss the eurozone debt crisis. German leader, Angela Merkel, has cautioned the region on overestimating Germany's capacity to fix the crisis.
What's the mood like in Germany right now? It's a case of soccer fever as the European Championships kick off. But are Germans in denial about the eurozone 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.
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
In Brussels this evening, leaders from euro zone nations are meeting in a casual setting to discuss and formulate policy solutions to the European debt crisis ahead of a formal summit.
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.