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Speaking to the E.U. leaders attending the summit - including Angela Merkel of Germany, Nicolas Sarkozy of France and Gordon Brown of Britain - Van Rompuy said the 16 countries in the euro zone had a "shared responsibility" for economic stability and would take "coordinated and determined" action to safeguard financial stability. But Van Rompuy was also stern about what was expected from Greece: it must reduce its budget deficit (which now exceeds 12.7% of GDP) in an "effective and determined manner." Athens now faces stringent oversight as it attempts to balance its finances: after years of receiving dodgy statistics from...

Author: /time Magazine | Title: E.U. Comes to Greece's Rescue, with Strings | 2/11/2010 | See Source »

...informant first approached tax authorities in the German state of North Rhine-Westphalia with the deal last month. The individual provided a sample of the data, which authorities are now checking to determine its legitimacy. Details of the proposed deal were then leaked to the media, plunging Chancellor Angela Merkel's government into a public moral dilemma. Should it pay the $3.5 million the informant was reported to have demanded - which the media said could help the country recoup some $140 million in lost tax revenue - or turn down the offer because it amounted to rewarding criminal behavior...

Author: /time Magazine | Title: Why Germany Is Paying Ransom for Stolen Data | 2/3/2010 | See Source »

...jarred by some of the descriptions of the German Chancellor in "Merkel's Moment" [Jan. 11]. While the article does a nice job of summing up Angela Merkel's rise through the sexist ranks of German politics, it contradicts itself by using such outdated gender stereotypes as diminutive, frail and kittenish to describe the first female Chancellor of Germany. Though subtle, this sort of language is damaging. One step forward, three steps back. And to think, the writer is a woman. Kate Karczewski, CHICAGO...

Author: /time Magazine | Title: Madam Chancellor, You Look Marvelous! | 2/1/2010 | See Source »

...like her predecessor, Gerhard Schröder. Also, citizens who are normally lukewarm about employing soldiers abroad get increasingly frustrated with human rights - women's in particular - being trampled on by the Taliban in both Afghanistan and Pakistan. She may do it at a snail's pace occasionally, but Angela Merkel takes things one step at a time. Werner Radtke, PADERBORN, GERMANY...

Author: /time Magazine | Title: Madam Chancellor, You Look Marvelous! | 2/1/2010 | See Source »

...Madam Chancellor, You Look Marvelous! I was jarred by some of the descriptions of the German Chancellor in "Merkel's Moment" [Jan. 11]. While the article does a nice job of summing up Angela Merkel's rise through the sexist ranks of German politics, it contradicts itself by using such outdated gender stereotypes as diminutive, frail and kittenish to describe the first female Chancellor of Germany. Though subtle, this sort of language is damaging. One step forward, three steps back. And to think, the writer is a woman. Kate Karczewski Chicago...

Author: /time Magazine | Title: Inbox | 2/1/2010 | See Source »

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