Yesterday, investors began dumping bonds, even in stronger economies like Austria and Finland. The sell-off shows a need for bolder solutions to the European debt crisis, say some.
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.
Polar bear origins: A study of mitochondrial DNA has found that polar bears can trace their ancestry back to an brown bear that lived in Ireland between 20,000 and 50,000 years ago.
Much is being made of the historic nature of Queen Elizabeth's trip to Ireland. Some say that obscures ties that have vastly improved in recent decades.
Greece passed a budget early Thursday with deep spending cuts, but investors will probably remain leery of lending to Greece and some of its indebted European peers.
The budget unveiled yesterday proposes tax increases and spending cuts across all sectors of Irish society.
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.