Here's everything you need to know about today's trading action...
The Greek Parliament approved a package of austerity reforms on Sunday, clearing the first of three hurdles it must overcome to qualify for a second bailout worth 130 billion euros...
Mariano Rajoy and his People's Party won the biggest majority in a Spanish election in almost 30 years on Sunday, sweeping the ruling Socialists from power after eight years and winning an absolute majority in Parliament, with 186 of 350 seats...
German Chancellor Angela Merkel has called for a "new Europe" by creating closer political ties and tighter budget rules in the 27-nation European Union...
Italy's financial crisis deepened on Wednesday, with borrowing costs touching a new record one day after Prime Minister Silvio Berlusconi pledged to resign once Parliament passes austerity measures demanded by the European Union...
Slovak lawmakers will meet today to effect a deal to approve the new European Union bailout fund and set new elections for next spring...
After lawmakers rejected measures to expand the European Financial Stability Facility, Slovakia's political parties are rushing to find a way to approve the enhanced rescue fund...
German lawmakers have approved a measure to expand the European Financial Stability Facility rescue fund, granting it the power to buy bonds in secondary markets, enable bank recapitalizations, and offer precautionary credit lines...
The German Bundestag and the country's constitutional court will rule on the legality of the 440 billion-euro European Financial Stability Fund (EFSF) late next month, deciding if it breaches Treaty law or undermines German fiscal sovereignty...
Greece's parliament met again today in order to pass legislation for the implementation of the austerity measures voted on yesterday...
Greek austerity measures pass amid rioting in Athens...
After parliament votes on the new austerity package Wednesday, european finance ministers will decide whether to give Greece the fifth and final tranche of aid...
Prime Minister George Papandreou narrowly won a confidence vote Tuesday, allowing him to continue his plan to institute new austerity measures...