Topic: Angela Merkel

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Dissension over Greek bailout weakens Merkel (+video)

Members of German Chancellor Angela Merkel's coalition balked at the second Greek bailout, even though it passed. The vote is seen as a defeat for her austerity program.
German vote on Greek bailout hints at tough road ahead for Merkel

The German parliament endorsed a second bailout for Greece, but a drop in support among members of Chancellor Merkel's coalition is evidence that she'll have to work hard to get support for future assistance.
As Greece awaits bailout, southern Europe seethes

European governments are expected to sign off on a second bailout for Greece today. But conditions set on rescue money have fueled populist unrest in southern Europe.
Dow comes within nearly 50 points of 13000

The Dow rose 45 points to close at 12949 Friday, inching toward a 13000 mark it hasn't seen since before the 2008 financial crisis.
German President Wulff resigns amid scandal, diverting Merkel's attention (+video)

German Chancellor Angela Merkel canceled a trip to Italy in order to deal with the fallout of President Christian Wulff's resignation, who was one of her political allies.
As Sarkozy seeks new term, French are wary of 'Merkozy' (+video)

An embattled French President Nicolas Sarkozy is touting his strong ties with powerful German chancellor Angela Merkel as he prepares to announce his bid for a second term today.
More than 30,000 Germans turn out against anti-piracy treaty ACTA

ACTA, a controversial international anti-piracy agreement that has riled up Europe, brought out huge crowds in Germany and split top government officials.
Despite riots, Greece pushes ahead with austerity (+video)

The Greek Parliament voted last night to slash the minimum wage and public sector jobs in exchange for a bailout, despite public fury that led to Molotov cocktails and tear gas.
The Greek debt conundrum, explained

The Greek parliament will vote on further austerity measures Sunday – the latest effort to alleviate a crisis that has careened between an EU bent on austerity and a resistant Greek public.
Maggie vs. Gorby: the scene that ‘The Iron Lady’ forgot

The scripted and unscripted confrontations between Margaret Thatcher and Mikhail Gorbachev were of such epic consequence they could not be condensed into film. Yet we do Britain’s first female prime minister a great disservice in omitting them.
The Merkel-Sarkozy 'odd couple' becomes a campaign duo

German Chancellor Merkel is campaigning for French President Nicolas Sarkozy, overcoming a history of differences across the Rhine, including two world wars.
Stocks fall as Greek debt talks drag

The Dow fell 17 points to close at 12845 as talks dragged on between Greek political leaders over a fresh cost-cutting package required for the country to get more bailout loans.
The Monitor's View: A woman as Mexico's president?

On Sunday, the ruling party nominated Josefina Vazquez Mota to be the first woman candidate for president from a major Mexican party. Would she instill rule of law and sustain the fight against drug cartels?
Mario Monti is working through Italy's debt crisis. Is the US watching?

Italy may find Prime Minister Mario Monti's dose of discipline hard to swallow, but his depoliticized democracy is the only form of government that can move Italy forward. Monti's experiment may also serve as an antidote to the political dysfunction in the West – especially the US.
Europe pact: Members must balance budgets or suffer sanctions

European leaders signed a fiscal pact that would enforce balanced budget among member states. Leaders also pledged to promote growth. Members must still ratify the pact.
IMF predicts European recession will slow global economy

The International Monetary Fund is warning against deep budgetary cuts and extreme austerity measures.
IMF: $650 billion isn't enough for the European bailout fund

European finance ministers agreed to move up the launch of a permanent bailout fund by a year, but the fund is still too small, according to the IMF.
Opinion: European debt crisis: Germany's fight against Keynes

The European debt crisis provides Germany the opportunity to preach its disciplined approach to monetary policy. Should it succeed in remaking Europe in its monetary image, Europe will prosper. Those who follow the Anglo-American model of Keynsian loose money must fall in line.
German tabloid Bild takes down politicians with its unmatched megaphone

German tabloid Bild, Europe's largest newspaper, drives the political agenda of the most influential economic power on the continent. Its latest target: President Christian Wulff.
Credit rating slashed, France promises reforms

Credit rating downgrades prompts several European nations to lambaste S&P ratings agency. But France, which lost its AAA credit rating, says it will implement cost cuts.
Downgrade of France's credit rating dashes uplifting week for eurozone

Unexpectedly successful bond auctions for Spain and Italy and additional lending from the European Central Bank generated speculation about a turnaround – until S&P announced it had downgraded France.
Spain, Italy on the mend? Investors make it easier to borrow

Spain and Italy hit their borrowing targets today, benefiting from favorable lending rates that signal eurozone investors' cautious confidence.
Global News Blog Is Mitt Romney's Europe-bashing well placed?

Mitt Romney called the Obama White House a reflection of the 'worst of what Europe has become' in his victory speech last night. But the austerity favored by the GOP is much in vogue in Europe.
Stocks fall on Europe woes

Stocks down in Europe ahead of key European bond auctions. Futures point to lower open for stocks in US.
An end to cut, cut, cut? Merkel and Sarkozy agree to focus on growth.

In a Berlin meeting today, German Chancellor Merkel and French President Sarkozy signaled a major shift in eurozone economic strategy by making growth a priority in managing the economic crisis.