Word: merkel
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...Netherlands, Filip Dewinter, a leader of the right-wing Vlaams Belang party, decried a new Rotterdam mosque because its minarets were higher than the lights of the city's soccer stadium. "These kinds of symbols have to stop," he told Radio Netherlands Worldwide. In 2007, Germany's Chancellor Angela Merkel warned that minarets shouldn't be "ostentatiously higher than church steeples...
...Locarno Room, a grand, gilded space in the Foreign and Commonwealth Office that was designed at the height of Britain's colonial powers, plans were afoot to challenge a stage-managed G-20 consensus. Demonstrators took to the streets, and French President Nicolas Sarkozy and German Chancellor Angela Merkel sent out invitations to their own joint London press conference, to signal their determination to resist any Anglo-American pressure for additional fiscal stimulus and to highlight their demands for stricter financial regulation. They are not the only G-20 leaders to arrive in London with agendas that reflect divergent approaches...
...making extraordinary efforts and other countries aren't, with the hope that somehow the countries that are making those important steps lift everybody up," Obama said last week, in a prime-time press conference. But so far, European leaders have resisted the call for more stimulus. German Chancellor Angela Merkel has said she does not want to be bogged down by "artificial discussions" of fiscal stimulus, and like many of her peers would prefer to focus on fashioning a new regulatory structure to make sure the excesses and abuses that precipitated the crisis don't threaten the global financial system...
...Several European leaders who will host Obama are likely to use their meetings with the U.S. President to smooth the political waters at home. In Britain, amid rising unemployment, Brown faces daunting approval ratings and new elections in just over a year. In Germany, Angela Merkel's governing coalition is coming under increasing strain, with elections just six months away. And then there are the street protesters who will be vying for the spotlight. Large protests - against everything from capitalism to the structure of bank bailouts - are planned for both London and Strasbourg...
...There is a chance that Merkel will unveil something at the G-20 meeting to show that Europe's biggest economy is dealing with the issue. Axel Weber, president of the Deutsche Bundesbank, said talks between the banks, the finance ministry and SoFFin, the federal bank-stabilization fund, could produce a viable concept for a bad bank before the G-20 meeting. According to Weber, Germany would not create a central bad bank and it would not buy the toxic assets from the banks. Instead, German banks could split each bank into a good bank and a bad bank, allowing...