Members of the union of immigrant workers of Greece protest outside parliament in Syntagma Square in Athens, Greece. Thousands of workers marched on parliament protesting austerity cuts as lenders from both the International Monetary Fund and European Union arrived in the capital for talks focusing on Greece's economic reform program and the management of loans that have been provided to the country.
Pedestrians pass a closed metro station during a 24-hour strike in Athens. International debt inspectors visit Athens to review the course of Greece's austerity reforms. Unions call for strikes and work stoppages in some sectors in the Greek capital.
Germany's Martin Schultz addresses the European Parliament in Strasbourg, France after being elected its new president. A German socialist known for his fiery rhetoric, Schultz is promising to increase the role of the 27-nation legislature.
Riot police clash with protesters opposed to austerity measures in Bucharest, Romania. Romania has slashed public wages and raised taxes in attempts to cut its budget deficit and meet pledges to both the International Monetary Fund and the European Union.
Portuguese broker Luis Gouveia reacts while talking with a colleague in a trading room of a Portuguese bank in Lisbon. Portugal has paid a markedly lower interest rate amidst a government austerity program aimed at winning back market confidence. Portugal's government debt agency said it sold 3-month Treasury bills after a similar auction last month.
Greece's Prime Minister Lucas Papademos greets a homeless man during a New Year's meal for the homeless distributed by the municipality of Athens. Papademos said in his New Year address to the Greek people that citizens had to prepare for a 'very difficult year.'
A protestor holds a banner reading "Bring banks back in line" in front of the Euro symbol at the European Central Bank in Frankfurt, Germany. After the Occupy Wall Street movement in New York, protests have spread across the world as activists seek to highlight what they say is gross inequality and unfairness in the economy.
Leader of the Spanish Socialist Party, Alfredo Perez Rubalcaba, attends a parliament session in which Spain's incoming Prime Minister Mariano Rajoy will declare plans for sharp spending cuts to steer Spain out of economic trouble.
People attend a protest against the government's austerity measures in Lille, France. This protest called by the main workers trade-unions takes place after the government's second plan and after the euro area leaders agreed during the EU summit in Brussels last week in a statement on a "golden rule" to tighten budgetary discipline to prevent a repeat of the debt crisis.
Demonstrators march toward the finance ministry protesting the government's proposal to increase the work week hours in Lisbon. Portugal needed a 78 billion euro bailout earlier this year as its high debt load pushed it close to bankruptcy and the government is enacting an austerity program of pay cuts and tax hikes.
Greece's negotiations with international debt inspectors on a second rescue loan package are "difficult and critical," Finance Minister Evangelos Venizelos said, after starting talks deal to keep the debt-crippled country solvent while easing its crushing debt burden.
Finnish Prime Minister Jyrki Katainen, French President Nicolas Sarkozy, German Chancellor Angela Merkel, and European Commission President Jose Manuel Barroso speak before a working session of a European Union summit at the EU headquarters in Brussels. Feuding European Union leaders failed to agree on a new treaty to tackle the debt crisis and instead decided to work on a separate pact for the euro zone, leaving Britain out in the cold.
French President Nicolas Sarkozy speaks during a media conference at an EU summit. European leaders are wrestling over how much of their sovereignty they are willing to give up in a desperate attempt to save the ambitious project of continental unity that grew from the ashes of World War II.
A protester passes the Belgian stock exchange during a march through Brussels. Tens of thousands of public and private sector workers, employees and trade union members protested over austerity measures to be taken by the new government.
A man sits next to a protest banner outside the Council of State, Greece's highest administrative court, during a demonstration in Athens. The court is examining appeals against a new property tax that will leave nonpaying households without electricity. The banner reads: "We owe nothing, We'll pay nothing. We won't pay the tax."
European Commission President Jose Manuel Barroso, center, European Council President Herman Van Rompuy, right, and European Parliament President Jerzy Buzek, left, address the media at the European Commission headquarters in Brussels.
Students clash with police during a demonstration in Milan, Italy. University students are protesting against budget cuts and a lack of jobs, hours before new Italian Premier Mario Monti reveals his anti-crisis strategy in Parliament.
A police cordon separates demonstrators from the Embassy of the United States in Athens. Austerity-weary Greeks marched in an annual commemoration of a bloody student uprising in the 1970s. Seven thousand officers were monitoring the crowd.
Brokers look at the main screen at the Stock Exchange in Madrid on Nov. 15, 2011 as Spain's borrowing costs shot up in an auction of short-term debt. Investors are growing more wary of holding the country's debts amid fears that the eurozone's debt crisis is spreading.
Right-wing supporters wave Italian flags in front of the Quirinale, the presidential palace where formal consultations ahead of the formation of a new cabinet take place on Nov. 13, 2011 in Rome. Italy readied a new government after the momentous resignation of Prime Minister Silvio Berlusconi.
Greek Prime Minister Lucas Papademos reacts during a parliament meeting in Athens on Nov. 16, 2011. Greece's new coalition government has won a confidence vote in parliament with a comfortable majority, backing a pledge by Papademos to speed up long-term reforms and secure a massive new bailout deal involving banks and rescue creditors.
Greek Communist Party's members shout slogans during a protest at Athens' main Syntagma square, on Nov. 4, 2011. About 7,000 protesters attended the rally as Greece's ruling Socialists were in open revolt against their own prime minister ahead of a confidence vote.
A fire bomb explodes as a riot policeman tries to avoid the fire during clashes outside the Greek Parliament on Oct. 19, 2011. Greek anger over new austerity measures and layoffs erupted into violence as demonstrators hurled chunks of marble and gasoline bombs and riot police responded with tear gas and stun grenades that echoed across Athens' main square.