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Posted: 5/13/2013 6:30:39 PM EST
Demonstrators hold banners that read: "There are no rights - Thieves" and "Where is our Money, Tricksters", and march in Madrid, Spain, Sunday May 12, 2013. Thousands of people demonstrated in 12 Spanish cities to commemorate the second anniversary of the Occupy protest movement, which began with an impromptu sit-in at Madrid's central Puerta del Sol square. Sunday's protesters in the capital expressed frustration that Spain's financial crisis has not eased, despite severe government austerity measures that have cut deeply into the country's cherished welfare state. (AP Photo/Gabriel Pecot)
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Posted: 5/8/2013 5:36:22 AM EST
Spain's Prime Minister Mariano Rajoy listens to a debate in the Spanish parliament in Madrid, Wednesday May 8, 2013. Rajoy appeared to explain to Parliament his conservative government's latest round of reforms and its 2013-16 stability program. Unveiling the package recently, the government said it would take two years longer than promised to cut Spain's swollen deficit in an acknowledgement that harsh austerity measures had failed to bring its finances under control. (AP Photo/Paul White)
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Posted: 5/8/2013 5:36:22 AM EST
Spain's Prime Minister Mariano Rajoy speaks in the Spanish parliament in Madrid, Wednesday May 8, 2013. Rajoy appeared to explain to Parliament his conservative government's latest round of reforms and its 2013-16 stability program. Unveiling the package recently, the government said it would take two years longer than promised to cut Spain's swollen deficit in an acknowledgement that harsh austerity measures had failed to bring its finances under control. (AP Photo/Paul White)
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Posted: 5/6/2013 7:48:24 AM EST
Portugal's Prime Minister Pedro Passos Coelho addresses to the nation at Lisbon's Sao Bento palace, the premier's official resident, Friday, May 3, 2013. Passos Coelho said he plans to raise the retirement age to 66 from 65 and lay off some 30.000 government workers in measures that aim to save 4.8 billion euros (USD6.3 billion) over the next three years. The premier claimed the new austerity measures are needed to ensure Portugal won't need another bailout. (AP Photo/Francisco Seco)
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Posted: 5/5/2013 12:08:21 PM EST
A poster reads " Change now " during a rally to protest against the austerity measures announced by the French government, in Paris, Sunday, May 5, 2012. (AP Photo/Michel Spingler)
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Posted: 5/5/2013 12:08:21 PM EST
Demonstrators walk during a rally to protest against the austerity measures announced by the French government, in Paris, Sunday, May 5, 2012. (AP Photo/Michel Spingler)
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Posted: 5/5/2013 10:38:32 AM EST
Leader of the French leftist party, Jean Luc Melenchon, delivers a speech before a rally to protest against the austerity measures announced by the French government, in Paris, Sunday, May 5, 2012. (AP Photo/Michel Spingler)
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Posted: 5/5/2013 10:38:32 AM EST
Leader of the French leftist party, Jean Luc Melenchon, delivers a speech before a rally to protest against the austerity measures announced by the French government, in Paris, Sunday, May 5, 2012. (AP Photo/Michel Spingler)
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Posted: 5/5/2013 10:38:32 AM EST
Leader of the French leftist party, Jean Luc Melenchon, smiles before a rally to protest against the austerity measures announced by the French government, in Paris, Sunday, May 5, 2012. (AP Photo/Michel Spingler)
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Posted: 5/5/2013 10:38:32 AM EST
Leader of the French leftist party, Jean Luc Melenchon, delivers a speech before a rally to protest against the austerity measures announced by the French government, in Paris, Sunday, May 5, 2012. (AP Photo/Michel Spingler)
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Posted: 5/1/2013 2:48:42 PM EST
A Greek, right, and an immigrant worker march hand in hand in front of the Greek parliament in Athens on May 1, 2013. About 8,000 people took part in the subdued demonstrations as austerity-weary unions held a strike for May Day. The country’s main labor unions are protesting soaring unemployment, which is the highest in the 27-country European Union, and the austerity measures the conservative-led government is enacting in return for crucial bailout loans. (AP Photo/FOSPHOTOS/Alexandros Katsis)
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Posted: 4/30/2013 9:23:20 AM EST
Italian Premier Enrico Letta, standing at center top, delivers his speech flanked by his Cabinet ministers, ahead of a second confidence vote to confirm the government, in the Italian Senate in Rome, Tuesday, April 30, 2013. Italy's new government easily passed its first confirmation vote Monday in Parliament after Premier Enrico Letta made concessions to his uneasy coalition allies, promising to ease part of a slate of austerity measures that have weighed on Italians impatient at the slow pace of economic recovery. (AP Photo/Alessandra Tarantino)
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Posted: 4/30/2013 9:23:20 AM EST
Former Premier Silvio Berlusconi, left, kisses the hand of Agriculture Minister Nunzia De Girolamo ahead of a second vote of confidence to confirm the new government, in the Italian Senate in Rome, Tuesday, April 30, 2013. Italy's new government easily passed its first confirmation vote Monday in Parliament after Premier Enrico Letta made concessions to his uneasy coalition allies, promising to ease part of a slate of austerity measures that have weighed on Italians impatient at the slow pace of economic recovery. (AP Photo/Alessandra Tarantino)
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Posted: 4/30/2013 9:23:20 AM EST
Former Premier Silvio Berlusconi, left, shares a word with former Premier Mario Monti, during a session for a second vote of confidence to confirm the new government, in the Italian Senate in Rome, Tuesday, April 30, 2013. Italy's new government easily passed its first confirmation vote Monday in Parliament after Premier Enrico Letta made concessions to his uneasy coalition allies, promising to ease part of a slate of austerity measures that have weighed on Italians impatient at the slow pace of economic recovery. (AP Photo/Alessandra Tarantino)
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Posted: 4/30/2013 8:33:26 AM EST
Italian Premier Enrico Letta delivers his speech ahead of a second confidence vote to confirm the government, in the Italian Senate in Rome, Tuesday, April 30, 2013. Italy's new government easily passed its first confirmation vote Monday in Parliament after Premier Enrico Letta made concessions to his uneasy coalition allies, promising to ease part of a slate of austerity measures that have weighed on Italians impatient at the slow pace of economic recovery. (AP Photo/Alessandra Tarantino)
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Posted: 4/16/2013 5:29:02 PM EST
FILE -- In this Saturday, March 30, 2013 file photo, Egyptians eat foul, or fava beans, at an open-air cart restaurant in Cairo, Egypt. A team from the International Monetary Fund left Egypt on Tuesday without securing broad backing from the country’s opposition for the government’s economic plan, suggesting that a key $4.8 billion loan request still hinges on austerity measures that threaten to unleash more political turmoil. Half of the country’s 85 million people live at or below the poverty line of $2 a day and rely on government subsidies of wheat and fuel for survival. (AP Photo/Amr Nabil, File)
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Posted: 4/16/2013 5:29:02 PM EST
In this Saturday, March 16, 2013 file photo, an Egyptian bread vendor rides his bicycle in downtown Cairo, Egypt. A team from the International Monetary Fund left Egypt on Tuesday without securing broad backing from the country’s opposition for the government’s economic plan, suggesting that a key $4.8 billion loan request still hinges on austerity measures that threaten to unleash more political turmoil. Half of the country’s 85 million people live at or below the poverty line of $2 a day and rely on government subsidies of wheat and fuel for survival. (AP Photo/Amr Nabil, File)
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Posted: 4/16/2013 5:29:02 PM EST
FILE -- In this Monday, March 25, 2013 file photo, an Egyptian bread vender looks for clients on a bridge over the Nile in Cairo, Egypt. A team from the International Monetary Fund left Egypt on Tuesday without securing broad backing from the country’s opposition for the government’s economic plan, suggesting that a key $4.8 billion loan request still hinges on austerity measures that threaten to unleash more political turmoil. Half of the country’s 85 million people live at or below the poverty line of $2 a day and rely on government subsidies of wheat and fuel for survival. (AP Photo/Amr Nabil, File)
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Posted: 4/8/2013 9:43:41 AM EST
In this photo taken on March 2, 2013, Portuguese retired woman Maria Luisa Cabral, center, shouts slogans during a protest against austerity measures taking by the Portuguese government, in Lisbon. . Taxes and cuts in previous years had already cut pensioners income by 20 percent as the government looked to cut the national debt. Words in Cabral's t-shirt read in Portuguese: "APRE! We are not disposables!". APRE is a Portuguese retired people association. (AP Photo/Francisco Seco)
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Posted: 4/7/2013 2:21:03 PM EST
Portugal's Prime Minister Pedro Passos Coelho makes a statement at Sao Bento Palace in Lisbon April 7, 2013. Portugal's constitutional court on Friday rejected four out of nine contested austerity measures in this year's budget in a ruling that deals a blow to government finances but is unlikely to derail reforms two years after the country's bailout. REUTERS/Jose Manuel Ribeiro
