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What's wrong with Europe?

By Irene Chapple, Inez Torre and Ivana Kottasova, CNN
updated 11:28 AM EDT, Thu September 4, 2014
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STORY HIGHLIGHTS
  • The European Central Bank has cut interest rates to record lows
  • Europe faces many problems, including high unemployment, deflation and slow growth

(CNN) -- The European Central Bank has slashed interest rates to their lowest-ever levels as it attempts to reboot Europe's fragile recovery.

ECB President Mario Draghi cut the key interest rate to 0.05% and revealed the bank's plans to buy some private-sector securities as part of its attempts to rejuvenate the bloc's economic growth.

Europe, which has barely shaken off its debt crisis, faces new problems including deteriorating relations with Russia, deflation risk, high unemployment and slow growth in some of its biggest economies.

Flip through the graphics above to find out more about Europe's biggest headaches.

Read: ECB cuts interest rates, plans to buy private-sector securities

Read: Why you should worry about Europe

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