The Twilight Euro Zone?

What does the European Union's announcement that it will offer a trillion-dollar bailout aimed at helping Greece, Spain, and other countries with struggling economies mean for the euro and for European politics? We'll find out.

Philip Coggan, Capital Markets Editor for the Economist, and Iain Begg, professor at the European Institute at the London School of Economics explain why some are saying that the euro is going through an existential crisis, and look at the political problems that crisis is causing throughout the EU.