Topic: European Financial Crisis (page 5)

German Finance Minister Wolfgang Schaeuble makes a telephone call prior to a meeting of the cabinet at the chancellery in Berlin, Germany, Wednesday, May 19, 2010. German Chancellor Angela Merkel called Wednesday for tougher financial regulation and a crackdown on government debt, saying the future of the euro currency and a united Europe itself were at stake. Merkel urged lawmakers to pass Germany's share of a new 750 billion euro (US dlrs 1 trillion) eurozone rescue package, saying that defending the shared European currency is "about no more and no less than the preservation of the European idea." (AP Photo/Michael Sohn) (AP)

Matt Moore, Jeannine Aversa

European Council President Herman Van Rompuy addresses the media at the European Council building in Brussels, Friday, May 21, 2010. European Union finance ministers on Friday started laying out new, tougher rules for their public finances in the hopes of winning back market confidence and preventing a repeat of the debt crisis that is threatening the euro. (AP Photo/Yves Logghe) (AP)

German Chancellor Angela Merkel attends a debate on Germany's handling of the European debt crisis in Berlin May 19.

FILE - In this June 9, 2009 file photo, a Chevron customer pumps gas at a dealership in South San Francisco, Calif. Many analysts who predicted that retail gasoline prices would top $3 per gallon for a short time this summer, 2010, now are looking for prices to move lower or at least stabilize heading into the summer driver season. (AP Photo/Paul Sakuma, file) (AP)

Euro slides further amid Euroepan debt crisis

A customer receives euro notes in a counter at the Bank of Greece headquarters in Athens, Thursday, April 8, 2010. Greece's borrowing costs spiked higher for a third day Thursday, intensifying the country's debt crisis and suggesting a eurozone rescue program is providing little support. (AP Photo/Thanassis Stavrakis) (Thanassis Stavrakis)

Top: Participants wave Chinese national flags as they march past Tiananmen Square. Bottom: Conservative Party leader David Cameron talks to party supporters at a rally at Linn Products headquarters in East Renfrewshire May 4, 2010.

A giant banner protesting Greece's austerity measures hangs near the Parthenon on Acropolis hill in Athens early May 4, 2010. A group of demonstrators from Greece's communist party, KKE, staged the protest atop the Acropolis as Athens braced for a 48-hour nationwide strike by civil servants which would also include the shutdown of travel services. REUTERS/Pascal Rossignol (GREECE - Tags: EMPLOYMENT BUSINESS POLITICS CIVIL UNREST) (Reuters)

France's President Nicolas Sarkozy (L) and Germany's Chancellor Angela Merkel (R) walk together during a Euro Zone leaders summit in Brussels, May 7, 2010. Euro zone leaders agreed on Friday that they would have special measures ready before financial markets open on Monday to prevent financial turmoil in Greece spreading to other countries such as Spain and Portugal. Photo taken May 7, 2010. REUTERS/Michel Euler/Pool (BELGIUM - Tags: POLITICS BUSINESS IMAGES OF THE DAY) (Reuters)

Pro communist protesters march during an anti government rally in Athens on Thursday, May 6, 2010. Greek lawmakers approved a crucial austerity bill Thursday needed to tap 110 billion ($140 billion) in bailout loans from other eurozone countries and the International Monetary Fund, as massive crowds gathered outside parliament to protest the measures. The bill passed with 172 votes in favor and 121 against. Greeks have been outraged by the government's proposed fiscal measures, and demonstrations turned violent on Wednesday during a nationwide general strike, leaving three people dead after becoming trapped in a burning bank torched by demonstrators. (AP Photo/Dimitri Messinis) (AP)

Bank employees, trapped by fire, look over the balcony ledge during an anti-government protest in central Athens, Wednesday, May 5, 2010. Three people died in the fire at the branch of Marfin Egnatia Bank, while the two women and two others were rescued. An estimated 100,000 people took to the streets Wednesday during a nationwide wave of strikes against spending cuts aimed at saving the country from bankruptcy (AP Photo/Iakovos Hatzistavrou) ** GREECE OUT ** (AP)

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Traders gather on the floor of the New York Stock Exchange to watch one of the electronic boards that showed a steep decline in the markets, Thursday, May 6, 2010, in New York. (AP Photo/Henny Ray Abrams) (AP)

A broker works the numbers at his post on the trading floor of the New York Stock Exchange Tuesday, May 4, 2010, in New York. Stocks plunged around the world Tuesday as fears spread that Europe's attempt to contain Greece's debt crisis would fail. (AP Photo/David Karp) (AP)

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