Europe Less Panic

November 9, 2012 - 11:32 AM
FILE - In this June 29, 2012 file photo, German Chancellor Angela Merkel, center, speaks with European Central Bank President Mario Draghi, left, and Italian Prime Minister Mario Monti during a round table meeting at a EU Summit in Brussels. The worst of Europe’s financial crisis appears to be over. European leaders have taken steps to ease the panic that has plagued the region for three turbulent years. Much of the credit for easing Europe’s financial crisis goes to the European Central Bank, which has become more aggressive over the past year under the leadership of Mario Draghi. Merkel has also helped ease financial tensions across the region by speaking more forcefully about the need to hold the euro together. (AP Photo/Michel Euler, File)