This week, Counting the Cost takes a look back at the year 2010 and discusses the challenges lying ahead.

Just when we thought the worst of the financial crisis was over, the Eurozone had to bail out two of its members with the help of the International Monetary Fund (IMF). And the crisis of confidence looks set to continue into next year.

In this week's Counting the Cost, we look at the debt crisis in Europe, austerity measures, the role of the banks, China's importance to the global economy, and strategies to fight the crisis. Who can stop the drama? What challenges will the Europeans be facing in 2011?

Samah el-Shahat is joined by Thomas Mayer, the Deutsche Bank chief economist, and Jan Randolph, an economist at IHS Global Insights.

This episode of Counting the Cost aired from Friday, December 24, 2010.