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German Chancellor Angela Merkel leaves an EU Summit in Brussels on Friday, June 29, 2012. European leaders have agreed to use the continent's permanent bailout fund to recapitalize struggling banks, and agreed to the idea of a tighter union in the long term. (AP Photo/Virginia Mayo)
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German Chancellor Angela Merkel reacts during the debate after her speech for the upcoming EU summit at the German parliament Bundestag in Berlin, Wednesday, June 27, 2012. (AP Photo/Markus Schreiber)
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Illustration Dollar, EU Candles by John Camejo for The Washington Times
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Illustration IOU EU by Alexander Hunter for The Washington Times
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A man shows a poster as he stages a rally in solidarity with the Greek people against the austerity imposed by the EU and the IMF, in downtown Brussels, Wednesday, June 13, 2012. Poster reads: 'Solidarity' in Dutch, French and Greek. (AP Photo/Yves Logghe)
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Francois Hollande (left), the new president of France, has pressed the European Union to embrace measures that promote growth. European Council President Herman Van Rompuy (center) said that EU leaders should consider "innovative, or even controversial, ideas." German Chancellor Angela Merkel previously proposed strict fiscal and deficit targets.
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In Dublin, a huge banner depicting Ireland's being bled dry by austerity calls for a "no" vote in the referendum on the European Union's fiscal treaty. (AP Photo/Shawn Pogatchnik)
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Iraqi Foreign Minister Hoshyar Zebari (second from right) escorts European Union foreign policy chief Catherine Ashton upon her arrival at Baghdad International Airport in Iraq on Wednesday, May 23, 2012, ahead of nuclear talks with Iran. (AP Photo/Mohammed Ameen, Pool)
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The gardens surrounding the British ambassador's residence can be viewed in Northwest this weekend as part of the European Union open houses, Washington, D.C., Thursday, May 10, 2012 (Andrew Harnik/The Washington Times)
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European Union foreign policy chief Catherine Ashton (second from left) speaks with Spanish Foreign Minister Jose Manuel Garcia-Margallo (right) and Swedish Foreign Minister Carl Bildt (second from right) during a round-table meeting of EU foreign ministers in Luxembourg on Monday, April 23, 2012. (AP Photo/Virginia Mayo)
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As planes take off from Ronald Reagan Washington National Airport, lawmakers on nearby Capitol Hill are arguing for an Article 84 court challenge against EU fees for carbon emissions. (Associated Press)
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**FILE** Viviane Reding, EU's Justice Commissioner, addresses the media at the European Commission headquarters in Brussels on March 5, 2012. (Associated Press)
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Denmark Prime Minister Helle Thorning-Schmidt speaks March 1, 2012, during a media conference at an EU summit in Brussels. European leaders meet for a two-day summit aimed at tackling unemployment and boosting economic growth in the region. (Associated Press)
