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Posted: 8/27/2012 5:38:22 AM EST
A European flag waves in front of the Reichstag building with the inscription 'Dem deutschen Volke' ('To The German People') in Berlin, Germany, Thursday, Aug. 23, 2012. Official data show that Germany posted a budget surplus for the first half of this year thanks to its strong labor market, even as other eurozone countries struggle with deficits. (AP Photo/Markus Schreiber)
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Posted: 8/24/2012 1:28:43 PM EST
WITH STORY GREECE VOICES BY NIKOS PAPHITIS : Yiannis Darmanis plays with a string of worry beads in front of a picture of a bullfight at his second-hand shop in the Psyrri district of central Athens, on Thursday, Aug. 23, 2012. As Greek Prime Minister Antonis Samaras sets off around Europe to plead for more time to achieve the country’s tough reform targets, austerity-weary Greeks are bracing for new pain but mostly expect to stay in the 17-nation eurozone, come what may. Darmanis said planned new austerity measures are inevitable, but argues that eurozone minnow Greece is being treated by its partners as a sacrificial victim. “I am 70 and I have never lived through such a situation before,” he said of Greece’s debt crisis, adding that he doesn’t expect the country to leave the currency union.(AP Photo/Petros Giannakouris)
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Posted: 8/14/2012 12:28:28 PM EST
A woman who begs for money walks past a closed cash machine covered by graffiti, in Rome, Tuesday, Aug. 14, 2012. Europe is edging closer to recession, dragged down by the crippling debt problems of the 17-country euro bloc, official figures showed Tuesday. Eurostat, the European Union's statistics agency, revealed that the economies of both the eurozone and the wider 27-country EU shrank by a quarterly rate of 0.2 percent in the second quarter of the year. In the first quarter, output for both regions was flat. A recession is officially defined as two straight quarters of falling output. (AP Photo/Gregorio Borgia)
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Posted: 8/14/2012 12:23:23 PM EST
A woman who begs for money walks past a closed cash machine covered by a sticker in Rome, Tuesday, Aug. 14, 2012. Europe is edging closer to recession, dragged down by the crippling debt problems of the 17-country euro bloc, official figures showed Tuesday. Eurostat, the European Union's statistics agency, revealed that the economies of both the eurozone and the wider 27-country EU shrank by a quarterly rate of 0.2 percent in the second quarter of the year. In the first quarter, output for both regions was flat. A recession is officially defined as two straight quarters of falling output. (AP Photo/Gregorio Borgia)
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Posted: 8/14/2012 5:18:19 AM EST
FILE - In this Feb. 9, 2012 file photo, workers build Ford Fiesta's at a Ford factory in Cologne, Germany. Germany's economy, Europe's largest, grew a larger-than-expected 0.3 per cent in the second quarter as consumer spending and strong exports helped stave off effects of the eurozone debt crisis, the Federal Statistical Office said Tuesday, Aug. 14, 2012. (AP Photo/Frank Augstein, File)
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Posted: 8/14/2012 5:18:19 AM EST
FILE - In this Jan. 25, 2012 file photo cranes are silhouetted against the sky while clouds of the steel producing company's in background show up in Orsoy, Germany. Germany's economy, Europe's largest, grew a larger-than-expected 0.3 percent in the second quarter as consumer spending and strong exports helped stave off effects of the eurozone debt crisis, the Federal Statistical Office said Tuesday, Aug. 14, 2012. Though a slowdown from the 0.5 percent growth of gross domestic product in the first quarter, the gain was greater than the 0.2 percent widely forecast by economists. (AP Photo/Frank Augstein, File)
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Posted: 8/10/2012 9:48:28 AM EST
Greece's Prime Minister Antonis Samaras leads a meeting with officials at the Finance Ministry in Athens, Wednesday, Aug. 8, 2012. The debt-ridden country has promised to slash euro11.5 billion ($14.1 billion) off its 2013-14 budget in order to continue receiving emergency rescue loans from other eurozone countries and the International Monetary Fund. (AP Photo/Thanassis Stavrakis)
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Posted: 8/5/2012 11:48:33 AM EST
FILE - In this July 4, 2012 file photo Italian Premier Mario Monti gestures as he speaks during a joint press conference with German Chancellor Angela Merkel, unseen, during a bilateral meeting at Villa Madama in Rome. German news magazine Der Spiegel on Sunday, Aug. 5, 2012, quoted Monti as saying in an interview that "the tensions accompanying the eurozone over the past years already bear the signs of a psychological dissolution of Europe." He further told the magazine that the euro's disintegration would "destroy the founding of the European project." (AP Photo/Riccardo De Luca)
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Posted: 7/31/2012 8:13:44 AM EST
FILE - In this Oct. 25, 2011 file picture the headquarters of Deutsche Bank, center, is seen in Frankfurt, Germany. The bank says Tuesday, July 31, 2012, earnings fell 46 percent in the second quarter as the eurozone debt crisis hurt investment banking activity and revenue from trading securities. Germany's largest bank said that income fell at its investment banking division as fewer client companies came to the bank for its services helping them issue shares. (AP Photo/Michael Probst, File)
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Posted: 7/31/2012 8:13:44 AM EST
FILE - In this Oct. 25, 2011 file picture the headquarters of Deutsche Bank, center, is seen in Frankfurt, Germany. The bank says Tuesday, July 31, 2012, earnings fell 46 percent in the second quarter as the eurozone debt crisis hurt investment banking activity and revenue from trading securities. Germany's largest bank said that income fell at its investment banking division as fewer client companies came to the bank for its services helping them issue shares. (AP Photo/Michael Probst, File)
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Posted: 7/21/2012 7:43:26 PM EST
FILE - In this July 5, 2012 file photo President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, central Germany. Draghi said in an interview with French daily Le Monde posted on the bank's website Saturday, July 21, 2012, that predictions of a eurozone "explosion" underestimate "the political capital that our leaders have invested in this union, as well as the support of European citizens." (AP Photo/dapd, Mario Vedder, File)
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Posted: 7/21/2012 7:43:26 PM EST
FILE - In this July 5, 2012 file photo President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, central Germany. Draghi said in an interview with French daily publication Le Monde posted on the bank's website Saturday, July 21, 2012, that predictions of a eurozone "explosion" underestimate "the political capital that our leaders have invested in this union, as well as the support of European citizens." (AP Photo/dapd, Mario Vedder, File)
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Posted: 7/10/2012 11:38:22 AM EST
Britain's Prime Minister David Cameron, rear, arrives with France's President Francois Hollande for their bilateral meeting at Number 10 Downing Street in central London, Tuesday July 10, 2012. Prime Minister David Cameron's office says he plans to discuss the eurozone financial crisis and the violence in Syria Tuesday in talks with France's new president. (AP Photo/Andrew Winning, Pool)
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Posted: 7/10/2012 11:38:22 AM EST
Britain's Prime Minister David Cameron, left, greets France's President Francois Hollande at Number 10 Downing Street in central London, Tuesday July 10, 2012. Prime Minister David Cameron's office says he plans to discuss the eurozone financial crisis and the violence in Syria Tuesday in talks with France's new president. (AP Photo/Andrew Winning, Pool)
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Posted: 7/10/2012 11:38:22 AM EST
Britain's Prime Minister David Cameron, left, greets France's President Francois Hollande at Number 10 Downing Street in central London, Tuesday July 10, 2012. Prime Minister David Cameron's office says he plans to discuss the eurozone financial crisis and the violence in Syria Tuesday in talks with France's new president. (AP Photo/Andrew Winning, Pool)
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Posted: 7/9/2012 1:16:28 PM EST
European Central Bank (ECB) President Mario Draghi listens to Spain's Economy Minister Luis de Guindos (R) during an eurozone finance ministers meeting at the EU Council in Brussels July 9, 2012. Euro zone finance ministers will try to flesh out plans to reinforce the single currency, but their talks in Brussels may do little more than highlight the limitations of last month's deal to help indebted states and banks. REUTERS/Francois Lenoir
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Posted: 7/9/2012 1:16:28 PM EST
European Central Bank (ECB) President Mario Draghi listens to Spain's Economy Minister Luis de Guindos (R) during an eurozone finance ministers meeting at the EU Council in Brussels July 9, 2012. Euro zone finance ministers will try to flesh out plans to reinforce the single currency, but their talks in Brussels may do little more than highlight the limitations of last month's deal to help indebted states and banks. REUTERS/Francois Lenoir
