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German Chancellor Angela Merkel arrives Feb. 27, 2012, in Berlin for her speech prior to the debate and the voting of the German Parliament Bundestag about a new Greek rescue package. (Associated Press)

German lawmakers approve new Greek bailout

By Geir Moulson - Associated Press

German President Christian Wulff announces his resignation at the Bellevue Palace in Berlin on Friday, Feb. 17, 2012. (AP Photo/dapd, Timur Emek)

German president quits in scandal over favors

By Geir Moulson - Associated Press

A Greek protester holds a banner with the word "resistance'' during a 24-hour strike in Athens on Tuesday, Feb. 7, 2012. (AP Photo/Petros Giannakouris)

Greek party leaders prepare for crucial debt talks

By Nicholas Paphitis - Associated Press

German Chancellor Angela Merkel speaks during the opening session of the World Economic Forum in Davos, Switzerland, on Wednesday, Jan. 25, 2012. (AP Photo/Keystone, Jean-Christophe Bott)

Merkel cool to calls for boosting European bailout fund

Associated Press

French President Nicolas Sarkozy and German Chancellor Angela Merkel tell reporters at a Monday news conference in Berlin that in addition to spending cuts, eurozone nations need economic expansion and more jobs. They suggested using available funding to support small and medium-sized companies and growth projects. (Associated Press)

German, French leaders: Austerity alone not enough

By Geir Moulson - Associated Press

Christian Wulff (German government via AP)

German president sorry for making threatening call to editor

By Geir Moulson - Associated Press

Debt crisis stole Christmas in Europe

By Ruby Russell and Sumi Somaskanda and Jason Walsh - Special to The Washington Times

German Chancellor Angela Merkel addresses the German parliament on the European debt crisis on Wednesday, Oct. 26, 2011, at the Reichstag in Berlin. (AP Photo/Michael Sohn)

JURKEVICH: Merkel ends the postwar era

By Mark Jurkevich - The Washington Times

French President Nicolas Sarkozy waves goodbye to German Chancellor Angela Merkel on Monday as she leaves the Elysee Palace after their meeting in Paris. The two leaders discussed a cohesive plan to help save the euro through stricter oversight of government budgets. The warning by Standard & Poor's of a possible credit downgrade of European nations over the debt crisis came after U.S. financial markets closed Monday. (Associated Press)

France, Germany face S&P downgrade

By Patrice Hill - The Washington Times

French President Nicolas Sarkozy greets German Chancellor Angela Merkel before their meeting at the Elysee Palace in Paris on Monday, Dec. 5, 2011. (AP Photo/Remy de la Mauviniere)

Merkel, Sarkozy want new treaty to rescue euro

By Greg Keller and Sarah DiLorenzo - Associated Press

German Chancellor Angela Merkel gestures during her speech at the German Federal Parliament, Bundestag, in Berlin, Germany, Friday, Dec. 2, 2011. (AP Photo/Michael Sohn)

Merkel wants treaty rewrite to fix euro

By David McHugh and Melissa Eddy - Associated Press

** FILE ** Specialist Christian Sanfilippo, foreground left, handles the secondary stock offering of Ocwen Financial Corp. on the floor of the New York Stock Exchange, Thursday, Nov. 10, 2011. Stocks are opening broadly higher after an unexpected drop in unemployment claims and signs of progress in Europe's debt crisis. (AP Photo/Richard Drew)

Stock market closes out its best week since 2009

By Francesca Levy and Matthew Craft - Associated Press

World Scene

By Wire dispatches and staff reports

Pakistan to boycott meeting over NATO raid

By Asif Shahzad and Sebastian Abbot - Associated Press

German Chancellor Angela Merkel voiced strong opposition Tuesday to talk of "eurobonds" as a way to solve the European debt crisis.

Merkel rejects push by EU for ‘eurobonds’

By Geir Moulson - Associated Press

President Obama (left) and French President Nicolas Sarkozy make statements to reporters at the G-20 summit in Cannes, France, on Thursday, Nov. 3, 2011. (AP Photo/Charles Dharapak)

Sarkozy asks Obama to help with debt crisis

By Dave Boyer - The Washington Times

European woes will take G-20 spotlight off Obama

By Dave Boyer - The Washington Times

SANDERS: The euro is dead! Long live the euro!

By Sol Sanders

German Chancellor Angela Merkel addresses the German parliament on the European debt crisis on Wednesday, Oct. 26, 2011, at the Reichstag in Berlin. (AP Photo/Michael Sohn)

Merkel presses private bondholders on Greece

By Geir Moulson and Juergen Baetz - Associated Press

German Chancellor Angela Merkel and French President Nicolas Sarkozy give a joint media conference at the European Union summit in Brussels on Sunday, Oct. 23, 2011. (AP Photo/Michel Euler)

Famed ‘Merkozy’ relationship wobbles amid crisis

By Raf Casert - Associated Press