This week the finance minister of Cyprus resigned as the government begins an investigation into how the country’s economy nearly collapsed. Reports have also emerged that a company with close ties to Cypriot president Nicos Anastasiades withdrew its funds from the island right before the country agreed to a bailout plan. Meanwhile, the EU is suffering from record unemployment. We take stock of the euro debt crisis with Stephen Nelson, a political economist from Northwestern University who studies the politics of debt. (Photos: AP Images).