European sovereign debt crisis

Some 40 buildings were set ablaze as protesters in Athens, Greece, rallied in the streets to demand the government stop imposing more austerity measures on the country — conditions that European finance ministers have insisted on in order to release the latest round of bailout funding.

France and Germany are trying to spur their fellow European leaders to make bold changes to European treaties in order to get economic stability in the eurozone.

Silvio Berlusconi is a step closer to leaving office after the Senate approved a package of austerity measures. It’s now headed to the lower house. That progress has sent stock markets higher.

With the European Union agreeing to a plan to bolster the EuroZone and hopefully avoid massive economic meltdown, question turns to what does this deal really mean?

Many in financial markets are already assuming that Greece is going to default on its loans, but there is growing opposition to any more bailouts.