Dominique Strauss-Kahn, arrested in New York on sexual-assault charges, was considered a strong contender to become France's next president. Now his candidacy for the Socialist party is in serious doubt.
This week, debt felled another European leader as Portugal's prime minister resigned. But the euro currency did not tumble. That's a sign that Europe is finally getting on top of its debt crisis.
China has signed a number of trade deals throughout Europe that could boost struggling economies, but some Europeans have misgivings about the possibility of a financial lifeline from China.
Stock market news centers on the euro, which drifted back from a two-month high versus the dollar.
Fears that the debt crisis will spread to a big economy like Spain should compel Europe to come together to meet this challenge.
Ireland's Green Party has said it will pull out of its coalition under Prime Minister Brian Cowen. Cowen has called for elections in early 2011, but opposition leaders want a vote now.
EU ministers continue to worry that Ireland's debt crisis will drag down financial markets. Ireland says its debts are covered until mid-2011.
French strikes in 1995 caused Paris to back off of pension reform. Now the French government is trying again, and it is again being met by massive strikes. Delay, however, only makes pension reform more costly.