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Europe meets Wednesday to avoid deepening debt crisis




German Chancellor Angela Merkel waits to take her seat prior to a session of the Bundestag lower house of parliament in Berlin October 21, 2011, during which parliamentarians debated on the European Stability pact, ahead of summit of EU leaders in Brussels that aims to thrash out a solution to the eurozone debt crisis.
German Chancellor Angela Merkel waits to take her seat prior to a session of the Bundestag lower house of parliament in Berlin October 21, 2011, during which parliamentarians debated on the European Stability pact, ahead of summit of EU leaders in Brussels that aims to thrash out a solution to the eurozone debt crisis.
JOHN MACDOUGALL/AFP/Getty Images

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Leaders from the 17 eurozone countries prepare for a summit Wednesday in Brussels. The goal is to finally come up with a lasting solution to the Greek debt crisis that threatens to unravel the EU monetary system and set off a global financial crisis. Will the Euro emerge intact?

Guests:

Felix Salmon, finance blogger at Reuters

Heidi Moore, New York bureau chief for American Public Media's "Marketplace"