Monitor staff writers and correspondents in each of the world's regions share what they expect to be top headlines in 2011.
Stocks drop 1 percent or more on major European indexes because of concerns about Italian debt. Japan limits losses with yen intervention. US stocks expected to open lower.
Europe debt crisis requires immediate changes for eurozone. But Europe debt crisis has revealed deeper flaws that will be harder to fix.
Rome riots erupted this weekend during a global 'Day of Rage,' a protest denouncing capitalism, inequality and economic crisis. In Rome, protesters torched cars, attacked banks and hurled rocks.
Slovakia's vote against expanding the European bailout fund presents an unwelcome obstacle to solving Europe's debt crisis. It also caused the fall of the tiny country's government.
Bank debt crisis has reached point where governments need to move decisively, Europe's central banker says. Fears of government defaults have spread to markets and fears about bank debt and funding.
As the global economy founders, refinancing Europe's banks to deal with the debt crisis might be preferable to bailing out countries, experts say – and politicians are starting to agree.
European Central Bank chief Jean-Claude Trichet offered European banks emergency short-term loans. Speculation is rising over a plan by EU leaders to recapitalize banks.
But that hasn't dampened calls from critics who worry that centralizing European Union fiscal policy would impinge on national sovereignty – and possibly even worsen the crisis.
European leaders in Brussels today agreed to a deal for Greece that includes $156 billion in aid, private investors, and extending the maturity period on Greek bonds.