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20120802-194017-pic-465055538.jpg

Mario Draghi, president of the European Central Bank, addresses the media in Frankfurt, Germany, on Thursday after a meeting of the ECB governing council concerning the further strategies in the European financial crisis. (Associated Press)

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20120801-191035-pic-176095425.jpg

associated press PHOTORAPHS Kristin Armstrong won her second consecutive individual time trial gold medal — this time by 15 seconds over Judith Arndt of Germany — then celebrated the occasion with her son, Lucas, on the podium.

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Washington Tennis_Hasc.jpg

Tommy Haas, of Germany, returns the ball to Michael Russell, of the United States, during a match in the Citi Open tennis tournament, Tuesday, July 31, 2012, in Washington. (AP Photo/Nick Wass)

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London Olympics Women_Hasc.jpg

Gold medalist Ukraine's Yana Shemyakina is flanked by silver medalist Germany's Britta Heidemann, left, and bronze medalist China's Yujie Sun pose after the women's individual epee fencing gold medal match at the 2012 Summer Olympics, Monday, July 30, 2012, in London. (AP Photo/Andrew Medichini)

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Stickers show which credit cards are accepted at a shop in Frankfurt, Germany, yet only 36 percent of Germans older than 15 possess a credit card, compared with 62 percent in the U.S. It’s that financial culture — an aversion to debt and an emphasis on savings — that makes Chancellor Angela Merkel’s hard-line approach to resolving the European economic crisis through austerity and budget reforms so popular among her constituents. (Associated Press)

London Olympics Weigh_Live

London Olympics Weigh_Live

Germany's Julia Rohde lifts during the women's 53-kg, group B, weightlifting competition at the 2012 Summer Olympics, Sunday, July 29, 2012, in London. (AP Photo/Mike Groll)

London Olympics Beach_Live

London Olympics Beach_Live

Martins Plavins, left, from Latvia celebrates with his teammate Janis Smedins, right, after defeating Germany in their Beach Volleyball match at the 2012 Summer Olympics, Sunday, July 29, 2012, in London. (AP Photo/Petr David Josek)

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London Olympics Beach_Live(1)

Jonathan Erdmann, left, from Germany tries to block Martins Plavins, right, from Latvia during their Beach Volleyball match at the 2012 Summer Olympics, Sunday, July 29, 2012, in London. (AP Photo/Petr David Josek)

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Italy Germany Financi_Live.jpg

**FILE** German Chancellor Angela Merkel (left) and Italian Premier Mario Monti speak July 4, 2012, at a press conference during a bilateral meeting at Villa Madama in Rome. (Associated Press)

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20120724-175943-pic-482443859.jpg

United States' Abby Wambach walks on the pitch after the US lost the final match between Japan and the United States at the Womenís Soccer World Cup in Frankfurt, Germany, Sunday, July 17, 2011. The Japanese women's soccer team won their first World Cup Sunday after defeating USA in a penalty shoot-out.(AP Photo/Michael Probst)

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Germany Extremists_Star.jpg

German Interior Minister Hans-Peter Friedrich, left, and outgoing head of the domestic intelligence agency Heinz Fromm arrive at a press conference in Berlin, Wednesday July 18, 2012. Germany faces a growing threat from militant Islamists and far-right fringe groups, including small extremist cells and lone wolf operators, top security official said Wednesday. (AP Photo/dapd/Michael Gottschalk)