The Greek Parliament passed an austerity package today, but the possibility of default still looms.
Germany and France reached an agreement that should see a desperately needed Greece bailout move forward.
Tens of thousands of protesters crossed police lines as Greece's parliament prepared to vote on new austerity measures to avoid what could be a devastating default.
A Portugal bond sale today raised $1.6 billion for a country that many have expected will follow Ireland and Greece in receiving an economic bailout.
European leaders call for a new Bretton Woods-type agreement as they meet in Brussels.
World markets responded positively Monday to new initiatives emerging from meetings in Washington and Paris.
Markets from London to Tokyo fell on the news of Lehman Brothers' bankruptcy.