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reporter: that frustration is likely to grow as higher taxes kick in. greek school teacher making $30,000 a year could soon be making $5,000 left. frustration, too, among those footing the bill. german voters handed defeat to chancellor angela merkel s party in the country s largest state, in part due to resentment over the greek bail-out. some of the european leaders blame the euro fall on speculators, others say the european got must reform and they no longer employ 20% of the workforce and the national pastime of tax dodging must end as well. without the reforms, throwing money at the problem even $1 trillion, may be only a quick fix. in athens, steve harrigan, fox news. bret: well, wall street had a big thumbs up for european move today. the dow surged almost 404 3/4. the s&p 500 gained nearly 49. the nasdaq was up 109. we will check out the latest moves to fix the gulf oil spill when we come back.

Angela merkelSchool teacherMaking 30000Bail outEuro fallBret baierSteve harriganWall streetFox newsTax dodging1 trillionGulf oil spillSp 500404 3 4