Word: chancellor
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Angela Merkel will be re-elected as Chancellor of Germany on Sept. 27. That's one of the safest bets around. The only question is whether she will be in a coalition with the Social Democrats (SPD), as in the last four years, or with the Free Democrats (FDP), a center-right party out of power for 11. In Merkel's success hangs a tale of significance beyond Germany...
...astounding resilience come into view. The Reichstag, opened in 1894 when Germany was a young nation-state, and later burned as the Nazis took power, is now the home to a thriving democracy. The Chancellery is currently occupied by Angela Merkel, the first woman and first Ossi to become Chancellor. Barring any great upsets she will still be there after the elections, her low-key pragmatism in tune with most in her country...
...Fritz Henderson phoned Chancellor Angela Merkel's office Thursday to seal the deal. The decision to sell Opel and Vauxhall to Magna is a coup for Merkel who has staked her credibility on the bid, a joint offer from the Canadian car-parts manufacturer and Russia's state-owned Sberbank. Since May, Merkel and the German government have thrown their weight behind Magna's offer, arguing that Magna already had extensive experience in building autos. Berlin also likes the fact that the Magna bid will keep open Opel's four factories in Germany, thus saving more jobs there than rival...
...Still, even the chancellor admitted the "new beginning wouldn't be easy." Under the deal, Magna and Sberbank will own 55% of the "New Opel", GM will keep 35% and the company's workers will take a 10% stake. GM's chief negotiator John Smith, who flew in from Detroit for a Berlin news conference, said Magna had come up with the best offer. "Magna has a great manufacturing culture and it enjoys the support of German labour unions, and the funding is there. It makes sense," said Smith. But he also warned of job-cuts. Magna's bid outlined...
...Although the report does not mention them by name, it clearly targets French President Nicolas Sarkozy and German Chancellor Angela Merkel, who have both said that Turkey can never be allowed to join the E.U. The two leaders came to power after the E.U.'s unanimous decision in 2004 to formally start accession talks with Turkey. But they instead talk of Turkey having a "privileged relationship" with the E.U. rather than full E.U. membership. (Read "Target Germany: A Second Front in Afghanistan...