Word: merkel
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Dates: during 2000-2009
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...pass 6% of GDP in 2010, thanks mostly to a dip in tax revenues. Some economists say the center-right government will be penned in. "There's no room for maneuver on tax cuts," says Professor Henrik Enderlein, from Berlin's Hertie School of Governance. "On the contrary, Merkel's new center-right government is likely to raise taxes, like VAT, in order to get Germany's public finances out of the red." (See pictures of the dangers of printing money in Germany...
...Angela Merkel has built a career on defying her critics. On Sunday, she did it again, leading the Christian Democrats to a victory that sets her party up as the head of a new center-right government. But the CDU's probable coalition partner, the pro-business, liberal Free Democratic Party (FDP), could end up being a thorn in her side, especially if, as is likely, the smaller party pushes a reform agenda that challenges Merkel's slow and steady style...
...Germany," Guido Westerwelle, the leader of the FDP, told a crowd of supporters at an election night rally in Berlin on Sunday. "We want a fair tax system, better education opportunities and we want to ensure that citizens' rights are respected," he said. (See pictures of world leaders including Merkel on vacation...
...most convoluted in Europe. The FDP leader says the goal is simple: more money in the pockets of workers. Lower taxes, the party says, will increase tax revenues by providing more incentive to work and boosting growth. Pushed by the CDU's sister party, the Christian Social Union (CSU), Merkel has already promised to cut taxes, but she cleverly avoided mentioning any date. The issue is likely to define the new government - either because Merkel and company carry out reforms and remake many of the German economy's pillars, or because the coalition partners squabble over how much they should...
...Read "Merkel Scores Big Win in Regional Election...