Women played some significant roles this past year, from making peace to crafting economic policy in the midst of a crisis. Here are seven who shaped 2011:
Former IMF head Dominique Strauss-Kahn, whose political life seemed over after sexual assault accusations, is back with a speech criticizing the EU. Does this, and his wife's selection as 'Woman of the Year,' signal his comeback?
European stocks as well as the euro dropped as optimism from last week's euro crisis summit yielded to tough questions about the EU's ability to avert fresh crises.
In 2011, stocks were the most correlated they'd been in 80 years, which meant investors could skip out on doing intense stock-specific research and just focus on getting the market right. Investment moves were dominated by European headlines as well.
Angela Merkel and Nicolas Sarkozy have proposed a pact to form a European 'fiscal union' with strict financial rules in parallel with the EU. But Britain has balked, leaving it the odd man out.
German Chancellor Angela Merkel has opposed many of the moves to stabilize the eurozone that her European colleagues favor. Is she the steady hand Europe needs now, or does she lack political courage?
US stocks on the Dow dropped 198 points to close at 11997 after the head of the European Central Bank said there was no plan for purchases of European government bonds. The drop in US stocks was the worst since November.
US stocks were down near session lows in midday trading. The European Central Bank's announcement that it had no large-scale bond-buying plan undercut enthusiasm for US stocks.