Al Jazeera International produced a good roundup of the current problems of the Eurozone. I gave my two pennies worth at the end of the report:
With the eurozone recession set to get worse, world leaders (…) will have to face a number of challenges. For two years the debt crisis has loomed over Europe. Greece, Ireland and Portugal have all needed bailouts and some of Europe’s biggest economies, Spain and Italy, are struggling with rising borrowing costs.