Euphoria fades over euro rescue

German Chancellor Angela Merkel briefs the media after a special cabinet meeting to provide Greece with billions in aid as part of an EU bailout plan at the chancellery in Berlin, Monday, May 3, 2010. (AP Photo/Markus Schreiber) (AP Photo/Markus Schreiber)

May 12, 2010 3:29:04 AM PDT
The German government backed a $1 trillion rescue package for Europe's troubled currency union as European Union officials readied tougher oversight over budgets and economies of most member countries in an effort to contain the region's troubling debt crisis.