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Brown bears some of the responsibility for the economic mess: he was Chancellor of the Exchequer under Blair and has been Prime Minister since 2007. But he has deflected blame to global pressures and has made political hay of his rival's lack of experience. "This is no time for a novice," declared Brown in September 2008 as the global financial crisis gathered pace. A Conservative poll lead of 20 points has eroded to the narrowest of margins, not least on fears of the youthful opposition team's collective inexperience. There's another factor that counts against them: the Conservatives...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...Wolfgang Schüssel, Chancellor of Austria (2000-07) and President of the European Council (1998 and 2006) Kishore Mahbubani's analysis of "Europe's Errors" actually contains a declaration of love for Europe: "It can provide an alternative pole of growth, a model for abolishing wars between neighbors, cultural education and a moral voice." (See pictures of immigration in Europe...

Author: /time Magazine | Title: Europe Speaks Back | 3/29/2010 | See Source »

...banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that, Darling added, was an issue on which "more countries agree...

Author: /time Magazine | Title: In Europe, a Tax on Banks Gains Momentum | 3/26/2010 | See Source »

Politicians, like poker players, know the importance of keeping a straight face. Even when they're holding the feeblest of hands, they have to ensure that their opponents never know how close they are to folding. But in the epic poker match between German Chancellor Angela Merkel and Greek Prime Minister George Papandreou over a potential European Union bailout of debt-ridden Greece, who is the real deal and who is bluffing...

Author: /time Magazine | Title: Bailout Showdown: Greece and Germany Raise the Stakes | 3/24/2010 | See Source »

...hours later, repeated his controversial rant against the welfare state and said that he'd provoked a "necessary debate." In an interview with the Frankfurter Allgemeine Zeitung Merkel accused Westerwelle of repeating the obvious. Of course those who work should get more than those who don't work, the Chancellor said. The message: I'm in charge. (Read: "Angela Merkel's Moment...

Author: /time Magazine | Title: Germany: Tensions at the Top | 3/22/2010 | See Source »

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